Finance

How Blockchain is Revolutionizing International Payments

Published

10 months ago

January 14, 2025

Edwardo Mayer

Reviewed
By Mike Henery

In today’s fast-paced, globalized world, the demand for efficient and secure cross-border payments is more significant than ever. Traditional methods of sending money across borders have proven to be costly, slow, and cumbersome. However, the introduction of blockchain technology promises to revolutionize the landscape of cross-border payments. This article explores how blockchain is transforming cross-border payments, outlining the key benefits, challenges, and future potential of this cutting-edge technology.

Understanding Blockchain Technology

What is Blockchain?

Blockchain is a distributed ledger technology (DLT) that allows for secure, transparent, and immutable record-keeping of transactions. It operates as a decentralized database where information is stored across a network of computers, called nodes. Each transaction is recorded in a “block,” which is then linked to the previous block, forming a chain of blocks, hence the term “blockchain.”

Key Features of Blockchain

Decentralization: Unlike traditional banking systems, blockchain operates without a central authority, meaning transactions are verified by multiple nodes in the network.
Security: The cryptographic techniques used in blockchain make it highly secure. Once a block is added to the chain, it becomes nearly impossible to alter or tamper with the data.
Transparency: All transactions on the blockchain are visible to all participants in the network, promoting transparency and trust.

Traditional Cross-Border Payment Methods

Photo by Alexander Grey on Unsplash

Challenges of Traditional Systems

Before diving into how blockchain is revolutionizing cross-border payments, it’s essential to understand the limitations of traditional payment methods:

High Transaction Fees: International payments often involve multiple intermediaries like banks, foreign exchange brokers, and payment processors. Each intermediary takes a fee, making transactions expensive.
Slow Processing Times: Traditional cross-border payments can take several days to settle due to the multiple verification and clearing steps involved.
Lack of Transparency: It’s challenging to track the status of a payment in real time, and the lack of transparency can lead to disputes and delays.
Limited Accessibility: In some countries, especially developing ones, accessing global payment networks is challenging due to limited banking infrastructure.

How Blockchain is Transforming Cross-Border Payments

1. Faster Transaction Processing

One of the primary advantages of blockchain in cross-border payments is its ability to speed up transaction times. Traditional payment methods can take days to process, especially when dealing with different currencies and time zones. Blockchain, on the other hand, facilitates near-instantaneous transactions by eliminating the need for intermediaries. Payments can be processed 24/7 without the constraints of business hours or banking systems.

2. Reduced Transaction Costs

Blockchain has the potential to significantly reduce transaction fees. Traditional systems require several intermediaries to process cross-border payments, and each charges a fee. By using blockchain, these intermediaries are removed from the process, reducing the overall cost of the transaction. For example, remittances using blockchain can result in fees as low as 1-3%, compared to traditional methods where fees can be as high as 7-10%.

3. Increased Transparency and Security

Blockchain’s transparent nature ensures that every participant in the network can view and verify transactions. This reduces the chances of fraud and increases accountability. Additionally, the security features of blockchain, such as cryptographic encryption and decentralized validation, make cross-border payments less vulnerable to cyberattacks and hacking attempts.

4. Financial Inclusion and Accessibility

In many parts of the world, access to traditional banking systems is limited, making it difficult for individuals to participate in global commerce. Blockchain technology provides an alternative by allowing anyone with an internet connection to send and receive payments. This is particularly beneficial for developing countries where mobile phones and internet access are more common than traditional banking infrastructure.

5. Currency Exchange Simplification

Blockchain technology simplifies the currency exchange process by enabling direct transfers in digital currencies like Bitcoin or stablecoins. This eliminates the need for currency conversion through banks, further reducing costs and transaction times. Stablecoins, which are cryptocurrencies pegged to the value of a fiat currency, also provide stability in volatile markets, making them a practical option for cross-border payments.

Case Studies of Blockchain Cross-Border Payments

Ripple (XRP)

Ripple is a blockchain-based payment protocol designed for cross-border transactions. It aims to provide fast, affordable, and secure cross-border payments for financial institutions. Ripple’s technology enables banks and payment providers to use XRP, the native cryptocurrency of the Ripple network, as a bridge currency between different fiat currencies. This reduces the need for multiple currency exchanges, significantly speeding up transaction times and reducing costs.

Stellar (XLM)

Stellar is another blockchain platform focused on enabling low-cost cross-border payments. It facilitates direct exchanges between different fiat currencies using its cryptocurrency, Lumens (XLM), as a bridge currency. Stellar has partnered with several financial institutions and payment providers to deliver efficient and accessible payment solutions to underbanked regions, particularly in developing countries.

IBM Blockchain World Wire

IBM’s Blockchain World Wire is a global payment network that uses blockchain to enable fast, low-cost cross-border payments. By using stablecoins or digital currencies, World Wire reduces the need for intermediaries, simplifying the process of cross-border transactions and lowering costs for financial institutions.

Challenges and Limitations of Blockchain in Cross-Border Payments

Regulatory Uncertainty

One of the significant challenges facing blockchain adoption in cross-border payments is regulatory uncertainty. Governments and financial regulators are still grappling with how to classify and regulate blockchain-based transactions, particularly when it comes to anti-money laundering (AML) and know-your-customer (KYC) requirements.

Scalability Issues

While blockchain has shown great potential, scalability remains a concern. As the number of users and transactions on a blockchain network increases, the system can become slower and more expensive to operate. Solutions like layer-2 protocols and sharding are being explored to address these issues, but they are not yet widely implemented.

Volatility of Cryptocurrencies

The volatility of cryptocurrencies like Bitcoin can pose a risk for cross-border payments. Stablecoins, which are pegged to fiat currencies, offer a more stable option, but widespread adoption and acceptance are still in the early stages.

Future of Blockchain in Cross-Border Payments

The future of blockchain in cross-border payments looks promising. With ongoing technological advancements and increasing interest from financial institutions, blockchain-based payment solutions are expected to become more widespread. As regulatory frameworks become clearer and scalability issues are addressed, the adoption of blockchain for cross-border payments is likely to grow.

In the coming years, we may see the development of more blockchain platforms specifically designed for cross-border transactions, offering enhanced security, speed, and cost-efficiency. Furthermore, as blockchain adoption increases, we may witness more partnerships between traditional financial institutions and blockchain providers, leading to a hybrid system that combines the best of both worlds.

Analysis Table: Traditional Cross-Border Payments vs. Blockchain Cross-Border Payments

Factor	Traditional Cross-Border Payments	Blockchain Cross-Border Payments
Transaction Speed	Slow (up to 3-5 days)	Fast (seconds to minutes)
Cost	High (multiple intermediaries)	Low (fewer or no intermediaries)
Transparency	Low (lack of real-time tracking)	High (transparent ledger)
Security	Moderate (vulnerable to fraud)	High (cryptographic encryption)
Accessibility	Limited (dependent on banks)	High (internet access only required)
Currency Exchange	Requires intermediary banks	Can be done directly via blockchain

Comparative Table: Blockchain Platforms for Cross-Border Payments

Blockchain Platform	Key Feature	Use Case Example	Transaction Speed	Transaction Cost
Ripple (XRP)	Bridge currency for fast currency swaps	Used by banks like Santander	Seconds	Low
Stellar (XLM)	Low-cost remittances for underbanked	Focused on developing countries	Seconds to minutes	Very low
IBM Blockchain World Wire	Simplified global transactions with stablecoins	Used by banks for cross-border transfers	Minutes to hours	Low

Conclusion

Blockchain technology is set to revolutionize cross-border payments by addressing the inefficiencies of traditional systems. Its ability to provide faster, cheaper, and more transparent transactions opens new doors for global commerce and financial inclusion. Although there are challenges related to regulation, scalability, and cryptocurrency volatility, the potential of blockchain to transform the cross-border payment landscape is undeniable. As the technology continues to evolve, we can expect blockchain to play an increasingly central role in the future of international payments.

Author

Edwardo Mayer

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Business

RBI Gold Loan Guidelines 2025: What Borrowers Must Know

Published

4 days ago

November 21, 2025

ishasingh1699

Reviewed
By Elena Avery

Introduction

Gold Loans continue to be one of the most accessible credit options in India. With their quick processing and security-backed nature, they’ve helped millions manage short-term financial needs. In 2025, the Reserve Bank of India (RBI) introduced a revised set of Gold Loan guidelines to improve transparency, borrower protection, and uniformity in lending practices. These updates are particularly relevant for anyone considering a Gold Loan, whether for personal emergencies, minor business requirements, or planned expenses.

Understanding RBI’s Tiered LTV Policy

RBI now follows a tiered loan-to-value (LTV) ratio based on the total loan amount. The LTV ratio indicates the percentage of the gold’s value that can be sanctioned as a loan. As per the latest framework:

Loans up to ₹2.5 Lakh: Maximum LTV capped at 85%
Loans between ₹2.5–₹5 Lakh: Maximum LTV capped at 80%
Loans above ₹5 Lakh: LTV restricted to 75%

This change encourages responsible lending and ensures that smaller borrowers can access slightly higher loan amounts relative to the value of gold pledged.

Assessment of Borrower Creditworthiness

While smaller loans up to ₹2.5 Lakh may be offered without detailed credit appraisals, any loan amount exceeding this threshold requires a thorough credit assessment of the borrower’s repayment capacity. This step protects financial institutions and borrowers alike by aligning loan disbursements with the borrower’s ability to repay. Loan renewals or top-up loans can only be sanctioned following such credit assessments and must remain within permissible LTV limits. Bullet repayment loans may only be renewed after accrued interest has been paid.

Valuation and Purity Checks

RBI mandates a standardised process for assaying the gold pledged as collateral. The valuation of the pledged metal must be based solely on its intrinsic value without including stones, gems, or other embellishments. The price used to assess the value of the collateral should reflect its actual purity (caratage). This value must be based on the lower of either the average closing price over the past 30 days or the closing price from the previous day. These prices should be sourced from either the India Bullion and Jewellers Association Ltd. (IBJA) or a commodity exchange regulated by the Securities and Exchange Board of India (SEBI).

If prices for a specific purity are unavailable, valuation should be adjusted proportionately based on the nearest available purity. The assaying procedure and valuation methodology must be consistent across all branches of a lender, and borrowers must be present during assaying. Deductions related to non-metallic components, such as stones or lac, should be explained and documented in a certificate issued to the borrower. The lender is required to issue this certificate in duplicate, one for its records and one for the borrower’s acknowledgement.

Ownership Documentation and Anti-Money Laundering Measures

Lenders are required to ascertain that the ownership of the pledged collateral is not doubtful. Where ownership documents such as purchase bills are unavailable, lenders should obtain a declaration from the borrower affirming rightful ownership. Further, multiple or frequent loans granted to a single borrower aggregating beyond a certain threshold must be closely monitored under anti-money laundering (AML) regulations to prevent misuse or fraud.

Restrictions on Collateral Use and Loan Tenure

The RBI prohibits lending against primary gold, such as financial assets backed by gold ETFs or mutual funds. Collateral that has been pledged to a lender must not be repledged or used to secure loans from other institutions. Additionally, the tenure of consumption loans structured as bullet repayments is capped at 12 months, though renewals are permissible by appropriate regulations.

Collateral Limits for Ornaments and Coins

To mitigate risks linked to collateral management, the maximum aggregate weight of gold ornaments pledged by a borrower should not exceed 1 kilogram. Similarly, limits apply to coins: 50 grams for gold coins.

Settlement, Auction Procedures, and Borrower Protection

Upon full repayment or settlement, lenders must release the pledged collateral within seven working days immediate release on the same day is encouraged wherever possible. Before auctioning pledged items due to non-repayment, lenders are required to notify borrowers or legal heirs, allowing a reasonable time for settlement. Auctions must be conducted transparently with adequate public notice, including advertisements in a regional language newspaper and a national daily. The collateral’s reserve price at auction must not fall below 90% of its current value, except after two failed auctions, where it may be reduced to 85%.

In instances of collateral loss, damage, or discrepancies observed during audits or returns, lenders are mandated to compensate borrowers or their legal heirs promptly. Moreover, if collateral release is delayed due to the lender’s reasons, compensation at the rate of ₹5,000 per day of delay must be made.

Lender Obligations and Disclosure

Loan agreements must comprehensively describe collateral, auction procedures, borrower rights for settlement, timelines for releasing collateral, and applicable charges related to assaying or auctioning. Communication must be provided in the borrower’s regional or preferred language. Lenders must also maintain proper infrastructure and security protocols to store collateral safely and restrict handling to authorised personnel. Periodic internal audits, surprise verification of pledged items, and regular reporting to supervisory boards on unclaimed collateral are essential components of compliance.

Ensuring Borrowers Benefit from Competitive Gold Loan Rates

For borrowers, obtaining the lowest Gold Loan rate requires careful attention to lender policies, transparency in valuation, and adherence to prescribed limits. A practical approach includes using an interest calculator for a Gold Loan to estimate monthly repayments and total interest payable based on the loan amount, LTV ratio, and tenure. This tool helps borrowers compare offers across lenders and choose the most economical option while ensuring loan terms comply with RBI regulations.

Conclusion

The RBI’s updated gold loan guidelines for 2025 contribute to a regulated, transparent, and secure credit system for pledged gold collateral. By setting clear limits on LTV ratios, collateral valuation, borrower assessment, equitable auction processes, and borrower protection measures. The Reserve Bank promotes trust and stability in gold-backed lending. Borrowers are advised to understand these provisions fully and utilise tools such as the interest calculator for a Gold Loan to make prudent borrowing decisions. Adhering to the RBI’s framework will help borrowers secure the lowest Gold Loan rate while protecting their interests throughout the loan lifecycle.

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ishasingh1699

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Finance

FAQs List of Coinbase Support SERVICE (24/7 Talk)

Published

4 days ago

November 21, 2025

coinbasetollfree

Reviewed
By Lucy Coll

Coinbase-Customer-Service-Support-by-Phone-1858-765-8486

Introduction

In the event that one encounters difficulties with their Coinbase account be it transactional anomalies, access impediments, or concerns regarding digital security it becomes imperative to ascertain the proper channels through which support may be expeditiously solicited. Coinbase affords users a multiplicity of remedial avenues, encompassing a continuous, 24-hour telephonic assistance service.

A recurrent query among users pertains to the operational mechanics of this support, the optimal junctures for engagement, and the anticipated procedural outcomes. This compendium of frequently asked questions endeavors to furnish lucid elucidations to the most prevalent inquiries surrounding Coinbase’s customer service apparatus. Regardless of whether one is a neophyte to the cryptographic domain or a seasoned practitioner, this guide is designed to facilitate the acquisition of assistance with both alacrity and security.

Frequently Asked Questions (FAQs) About Coinbase Support Service (24/7 Talk)

Q1. What Is Coinbase’s 24/7 Talk Support?

Coinbase’s 24/7 talk support allows users to call a support agent at any time, day or night. This means if you have trouble with your account, a payment, or need help with security, you can reach a live person who can guide you through the issue. This service is useful for urgent matters that cannot wait for email or chat replies.

Q2. How Do I Reach Coinbase Support by Phone?

To call Coinbase support, you usually go through the Help Center on the Cryptocurrency exchange

website. There, you may find an option to “Request a Call” if phone support is available for your account and region. Once you click that, Coinbase arranges a support agent to call you back. This method ensures you are reaching the real support team and not giving your number to a random person.

Q3. Is the Coinbase 24/7 Number the Same for Everyone?

No, it may not be the same for every user. The number or call-back method you get depends on:

Your geographic location
Your account type (regular user, Coinbase Pro, Coinbase One)
The type of issue you raise
Because of this, Cryptocurrency exchange often uses dynamic call‑back options rather than listing a single global number for all users.

Q4. Is There a Direct Public Phone Number Listed for Coinbase 24/7 Support?

Coinbase no longer widely publishes a fixed public phone number for all customer service calls. Instead, it prefers users to go through its Help Center to request a call. This helps reduce fraud risk and ensures users connect with genuine support agents. Be careful of unofficial numbers circulating online, as they may be scams.

Q5. How Do I Request a Support Call Back From Coinbase?

To request a call back:

Go to Coinbase Help Center while logged into your account.
Find the category that matches your problem (for example, account issues, security, transactions).
Click on “Contact Us” or “Get Help.”
Select “Request a Call” if available for your issue.
Provide your phone number and submit the request.

Coinbase support will then call you back, usually within a short time.

Q6. Do I Need to Pay for Coinbase 24/7 Support Calls?

No, Coinbase does not charge users for support calls. The call-back service is part of its customer support, and legitimate calls from Coinbase support agents are free. But you should always make sure you are calling or receiving calls from the correct source to avoid fraudulent calls that may try to scam you.

Q7. What Kind of Issues Can Be Handled Over a 24/7 Call?

You can get help for many different issues:

Account access or login problems
Identity verification or KYC issues
Payment or deposit problems
Withdrawal delays or errors
Security concerns, like 2FA or phishing
Transaction status checks
Any urgent or complicated issue that needs live assistance

Some very technical questions might be escalated, but a 24/7 agent can help guide you or pass the case on as needed.

Q8. Is 24/7 Support Available for All Coinbase Users?

Not necessarily. While Coinbase does offer 24/7 support in many places, it depends on:

Your country or region
Your user level (some features may be limited for free or new accounts)
The type of support plan you have (for example, Coinbase One or premium users may get faster service)

Always check in the Help Center to confirm whether 24/7 call-back is offered for your account.

Q9. How Can I Prepare Before the Support Call?

Preparing well can make the call faster and more effective. Here are some tips:

Write down your issue clearly (what happened, when, and how)
Have your Coinbase-registered email or phone ready
Note any transaction IDs, transaction dates, or screenshots if you can
Keep your device nearby in case you need to log in or share information
Never share your password, private keys, or one-time codes

Being ready helps you get a helpful response faster.

Q10. How Long Does It Usually Take for the Support Agent to Call Back?

The wait time for a callback can vary based on how many users are asking for help, where you are, and what kind of problem you have. In many cases, you may get a return call within minutes or up to a few hours. For urgent or high-severity cases, the response tends to be faster.

Q11. What Should I Do If the Agent Asks for My Password or Private Key?

You should never share sensitive data like your password, private keys, or wallet seed phrase. Real Coinbase support agents will never ask for this kind of personal or security information. If anyone asks for these details, it is a red flag for fraud. Politely end the call and report the number or incident to Coinbase directly via their official help portal.

Q12. Can I Use 24/7 Support for Fraud or Scam Reports?

Yes. If you believe you are being targeted by a scam or if your account has been compromised, contacting Coinbase support via the call-back option is one of the best steps to take. A support agent can help you secure your account, pause transactions, or escalate the matter to Coinbase’s security team.

Conclusion

Coinbase’s 24/7 talk support is a vital lifeline for users who need help with urgent account issues, security concerns, or transaction problems. By understanding how the call-back system works, preparing in advance, and recognizing genuine agents, you can get the help you need quickly and safely. Remember never to share passwords or private keys, and always use Coinbase’s official Help Center to start the support process. With the right approach, you can navigate issues with confidence and make full use of Coinbase’s round‑the‑clock service.

Author

coinbasetollfree

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Finance

Full List of Coinbase Help Desk Number USA Numbers

Published

4 days ago

November 21, 2025

coinbasetollfree

Reviewed
By Mila Parker

Introduction

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