Prospect and Challenges of Cross-border Payment Posed by Digital Currency – From the Perspective of Blockchain Coalition

As international transaction increases, cross-border payment is seeing more risks of frauds, trading and capital, needing solutions by innovative financial technologies. This paper, from the perspective of block chain coalition, builds the theoretical framework and model for cross-border payment, an...

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Bibliographic Details
Main Authors: Liao Qian, Wang Yanna
Format: Article
Language:English
Published: EDP Sciences 2020-01-01
Series:E3S Web of Conferences
Online Access:https://www.e3s-conferences.org/articles/e3sconf/pdf/2020/78/e3sconf_iseese2020_04001.pdf
Description
Summary:As international transaction increases, cross-border payment is seeing more risks of frauds, trading and capital, needing solutions by innovative financial technologies. This paper, from the perspective of block chain coalition, builds the theoretical framework and model for cross-border payment, and explores the prospect and challenges of application of digital currency and cross-border payment.
ISSN:2267-1242