INTRO TO CROSS-BORDER PAYMENTS

Summary from the TLDR Founders newsletter

Cross-border payments (XBP) are complex systems that facilitate transactions between parties in different countries. Over $45 trillion is moved annually. Traditional methods like correspondent banking and money transmitters prioritize geographic coverage but involve intermediaries, making them slower and costlier. Newer approaches, including payment aggregators and stablecoins, leverage technology to streamline transactions, reduce costs, and improve speed, but they require robust infrastructure and regulatory compliance.