Blockchain Cross-Border Payments to Reach $3 Trillion by 2025: Report Reveals Significant Cost Savings and Speed Enhancements

A new report by CoinLaw sheds light on the explosive growth of blockchain payments, predicting a staggering surge in cross-border transactions. The study shows that blockchain-based payments have experienced a remarkable 45% annual growth rate over the past decade, and are projected to reach $3 trillion by 2025. This rapid expansion is fueled by several key factors, including decreasing transaction fees of up to 80%, significantly faster processing times (down to 3-10 seconds), and the ongoing development of central bank digital currencies (CBDCs). These advancements are driving a shift away from traditional payment channels.