B2B Cross-Border Transactions to Reach 14.8 Billion by 2023, as Blockchain Payment Networks Gain Traction
According to the research, B2B Money Transfer — Domestic & Cross-Border Market Opportunities 2019–2023, international payments will become faster, cheaper and less complex; driven by network innovation. The digitalisation of cross-border payment networks, aligned with the use of cloud-based tools, APIs and blockchain, will enable the replacement of bilateral networks with multilateral models; improving efficiency and reducing costs.
PBET platform is using Ethereum Blockchain because Blockchain-based transactions are standard regardless of country-specific aspects which increases overall efficiency since there is no need to adapt the payment system for each and every country that we deal in.
As a matter of fact, physical casinos operating in multiple countries can easily adopt cryptocurrency as a mean of unifying payment transactions such as deposits and withdrawals, both in their physical premises as well as online.