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

Author:

Liao Qian,Wang Yanna

Abstract

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.

Publisher

EDP Sciences

Reference9 articles.

1. Li J. J., Zhu Y. C. Advancements in research of theories and practice of digital currencies [J]. Economic Perspectives, 2017(10):115-127.

2. Li H. B. Using blockchain to promote cross-border e-commerce in China [J]. Finance and Accounting Monthly, 2019(03):142-146.

3. Li H. B. Application of blockchain-style official digital currency systems in cross-border payment [J/OL]. Finance and Economy, 2020(06):69-74

4. Zou C. W. Brief analysis of digital currencies and electronic payment by the Central Bank [J]. New Finance, 2019(12):10-16.

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