Blockchain technology is transforming international finance by offering secure, transparent, and efficient ways to conduct transactions across borders. By eliminating intermediaries and reducing processing times, blockchain can lower costs and increase trust among global financial institutions. It also enhances transparency, which helps combat fraud and money laundering.
Despite its potential, widespread adoption of blockchain faces challenges such as regulatory uncertainty, scalability issues, and energy consumption concerns. Governments and financial organizations must collaborate to create clear regulations and develop sustainable blockchain solutions. As these hurdles are addressed, blockchain could revolutionize international finance, making it more accessible and reliable for businesses and consumers worldwide. Shutdown123