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CRYPTOCURRENCIES AS A TREND FOR FUTURE DEVELOPMENT OF CROSS-BORDER TRANSACTIONS ON THE EXAMPLE OF RIPPLE

Global financial transactions have long presented difficulties for conventional cross-border payment systems including high costs, sluggish transaction speeds, and limited accessibility. Emerging as transforming tools to solve these problems, blockchain technology and cryptocurrencies provide quicker, more safe, and less expensive substitutes. With a thorough comparison with conventional systems, this paper investigates how cryptocurrencies can transform cross-border payments. Important subjects…