"Consider this snapshot of the near future: You're in a taxi on the other side of the world. You pay your driver with the same digital wallet you use at home, and he receives the money in his wallet linked to the local instant payments network. He's set a rule in his bank app-"send 30% of every payout to my family back home"-and funds are converted immediately to a third currency and delivered to relatives in a country thousands of miles away."
"AI-powered agents handle currency conversion and smart routing automatically and invisibly-at a fraction of yesterday's international payment costs. Here's another scenario: A global marketplace pays out to 10,000 sellers daily. Instead of selecting a payout route, the finance department sets a rule-"pay as efficiently as possible, in line with terms and conditions." The platform dynamically routes each payment based on geography, cost, and liquidity-choosing from rails that might include account-to-account, tokenized card networks, or stablecoins on public blockchains."
Technology is transforming money movement, making payments faster, smarter, and simpler. Digital wallets and instant payment networks enable seamless cross-border transfers with immediate currency conversion and automated distribution rules. AI-powered agents perform currency conversion and smart routing invisibly, reducing international payment costs. Platforms can dynamically route large-scale payouts based on geography, cost, and liquidity across rails such as account-to-account transfers, tokenized card networks, or stablecoins on public blockchains. The proliferation of new payment rails, infrastructure, and digital currencies has increased choice but left interoperability fragmented. Ongoing efforts focus on convergence to stitch these innovations into an intelligent network of networks for seamless global payments.
Read at Fast Company
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