Report: Blockchain-based payment network will boost B2B cross-border transactions by 7% over the next four years

According to Juniper Research market analysis, the blockchain-based payment network will drive business-to-business (B2B) cross-border transactions growth of 7% over the next four years, from 13.5 billion in 2019 to 14.8 billion in 2023. Juniper Research believes that international payments will become faster, cheaper, and simpler. The digitization of cross-border payment networks, as well as the use of cloud-based tools, APIs, and blockchains, will enable bilateral networks to be replaced by multilateral network models.