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Blockchain to Speed Up Global Payments in 2025

Central Bank Governor highlights blockchain’s role in revolutionizing cross-border payments with CBDCs and stablecoins in 2025.

By: One More Cent | Edited By: Nisha

Updated at: 18 June 2025, 2:37 AM

Blockchain to Speed Up Global Payments in 2025

Big news from the 2025 Lujiazui Forum, where Central Bank Governor Pan Gongsheng dropped some exciting insights. He’s all in on blockchain and distributed ledger tech revolutionizing cross-border payments. Think faster, cheaper global transfers—yes, please!

Central Bank Governor Highlights Blockchain's Role in Cross-Border Payments

Governor Pan highlighted how central bank digital currencies (CBDCs) and stablecoins, powered by blockchain, are shaking up old-school payment systems. Unlike traditional banking, which can take days, blockchain can settle transactions in minutes. Imagine sending money abroad as easily as texting a friend!

Here at One More Cent, we’ve been tracking CBDC pilots, like China’s digital yuan, which hit $986 billion in transactions by June 2024. Projects like mBridge, connecting banks in China, UAE, and Thailand, are also speeding up cross-border flows. But it’s not all smooth sailing—new tech brings new regulatory headaches, like ensuring security and compliance.

Smart contracts and decentralized finance (DeFi) are also set to level up payments, making them more transparent and efficient. Our team thinks 2025 could be a breakout year for stablecoins, with their market soaring past $210 billion. Big players like Visa and PayPal are already jumping in!

So, what’s next? Governor Pan says global cooperation is key to making these systems work seamlessly. We’re excited to see how blockchain bridges borders and empowers everyone, from freelancers to small businesses. Stay tuned for more updates!

Citations:

Disclaimer: This article is for informational purposes only and does not constitute financial advice.

#Blockchain #CBDC #CrossBorderPayments

Nisha

A crypto researcher passionate about digital finance, simplifies blockchain and DeFi trends into clear insights, empowering investors with smart strategies.

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