Citi Sees Blockchain at Center of Borderless Commerce Initiative

The future of cross-border payments is poised for transformation, driven by technologies like blockchain and stablecoins, as well as closer collaboration between public and private financial institutions. While there is no silver bullet for the perfect cross-border experience, Tony McLaughlin, emerging payments at Citi Services, tells PYMNTS why the evolution of these technologies will likely complement existing systems like Swift, offering greater transparency, security and speed in global payments.