Published Paper Details:

This research paper examines the evolving landscape of global payments and the pivotal role that cryptocurrencies are poised to play in shaping its future. In recent years, cryptocurrencies, powered by blockchain technology,[1] have emerged as a disruptive force in the world of finance. This study examines the advantages and challenges associated with cryptocurrencies in the realm of international transactions. It also explores how cryptocurrencies can enhance the speed, cost-effectiveness, and security of cross-border payments, thus potentially transforming the traditional global payment systems. Moreover, this paper also scrutinizes the regulatory responses and government initiatives aimed at managing the adoption of cryptocurrencies and maintaining financial stability. This research underscores the growing importance of cryptocurrencies as a catalyst for innovation in global payments and suggests that they are on the cusp of revolutionizing the way international financial transactions are conducted.