“The Next Phase of Cross-Border Payments” - GBBC's Blockchain Central Davos

“The Next Phase of Cross-Border Payments” As the world becomes more interconnected, and methods of storing and moving money evolve to improve effectiveness and reduce costs, the method by which cross-border payments are made has the opportunity to evolve as well. With increasing global commerce, where businesses are expanding through cross-border trade, cross-border payments have now reached trillions of dollars per year - with customers paying businesses across borders close to $2.8 trillion and business-to-business payments across borders surpassing $150 trillion in 2022. Through the use of new technologies, such as distributed ledger technology and central bank digital currencies (CBDCs), there is an opportunity to rethink how cross-border payments will be made in the future toward faster, cheaper, transparent, and inclusive systems. These innovations can facilitate a transition that can greatly benefit economic growth and development. Join us for a conversation with industry experts as we discuss the latest innovations to improve cross-border payments and where these developments point us for the future. Speakers: -Eric van Miltenburg, SVP Strategic Initiatives, Ripple -Daniel Eidan, Adviser and Solution Architect, Bank for International Settlements (BIS) -Todd Fox, Vice President, Global Public Policy, Visa Inc. -Moderator: Emma Joyce, GBBC ----- About GBBC's Blockchain Central Davos Dedicated to bringing together leaders across blockchain, digital assets, technology, and government, GBBC’s Blockchain Central Davos curates programming designed to foster collaborations and advance dialogue on the most pressing topics and challenges facing our industry.