Image for article titled 5 ways cryptocurrency is reshaping global finance

Illustration: Francesco Carta fotografo (Getty Images)

In today’s digital world, cross-border transactions are common but often come with challenges such as slow processing, high fees, and a lack of transparency. Payments typically rely on banks, remittance centers, and credit card networks, adding complexity and delays.

Blockchain technology simplifies this process, enabling businesses and individuals to transfer funds faster and at lower costs. Transactions are nearly instant and unrestricted by bank holidays, weekends, or business hours, allowing seamless global payments.