The G20 aims for 75% of global payments to be settled within one hour, driving interest in stablecoins and tokenized deposits.
The Financial Stability Board (FSB) has just published a report assessing the Progress on the G20's ambitious plan to revolutionize cross-border paymentsSince 2023, this global initiative has been working to improve four key aspects of international transfers: reducing costs, increasing speed, increasing transparency, and improving accessibility.
Although progress so far has been modest, the report presents a clear and challenging goal: to achieve that 75% of all international payments—whether wholesale, retail or remittances—are settled in less than an hourThe remainder should be completed within a maximum of 24 hours. According to the report, this goal not only redefines the pace and efficiency of global transactions, but is also driving a technological and strategic transformation across the entire financial sector.
In this context, stable coins and tokenized deposits They are rapidly gaining ground. Businesses prefer them because they offer a safer, faster, and more economical way to move money internationally. Developers and financial institutions are redesigning their systems to meet this new reality, seeking to offer users a more fluid and transparent experience.
For experts, the recent G20 report highlights how demand for tokenized payments has become a key driver in realizing the vision of a more efficient global payments system, where speed and clarity are as important as security.
Create your account and trade regulated crypto assets on Bit2Me.Real-time cross-border payments: Technology and regulation drive the financial revolution
Settlement speed has become the most critical indicator for assessing the efficiency of cross-border payments. According to the report According to the FSB, achieving 75% of international transfers completed within an hour requires a profound overhaul of the global financial infrastructure. Currently, many cross-border transactions can take several days, especially when they involve multiple intermediaries or uncoordinated regulatory systems.
To achieve this goal, the FSB recommends widespread adoption of the ISO 20022 standard for financial messages, modernization of real-time gross settlement (RTGS) systems, and strengthening connectivity between correspondent banks. Although progress varies by region, these improvements are expected to strengthen the efficiency of international payments by 2027.
But the urgency to accelerate these transfers is not only a response to technical challenges. Governments, businesses and consumers are demanding faster, more secure and lower-cost payments.In this context, tokenized payments, based on blockchain technology, are gaining ground as a preferred solution for many companies seeking to optimize their international flows and reduce friction.
Even G20 countries are making significant progress in adopting crypto and blockchain technologies, not only to facilitate faster payments, but also to modernize regulation and develop their own digital currency, with a view to strengthening financial stability. This combination of traditional global standards with digital innovations is ushering in a new era of cross-border payments, where speed and security dictate the rules of the game.
Use cryptocurrencies and make global payments in secondsCompanies rely on digital currencies and tokenized deposits to revolutionize payments
Corporate interest in adopting stablecoins and tokenized deposits is growing rapidly, driven by the need to speed up and simplify paymentsThese new digital tools allow money to be transferred in a matter of seconds, offering a much more efficient alternative to traditional methods. Stablecoins, which are backed by real assets like the dollar or euro, ensure their value remains stable, making them a reliable option for frequent transactions. Furthermore, by operating on decentralized networks and being compatible with smart contracts, they facilitate automatic and near-instant payments.
Tokenized deposits, on the other hand, digitally represent bank money on distributed platforms, integrating directly with companies' accounting systems. This not only reduces operating costs, but also eliminates the usual obstacles in payment processes, making transactions smoother and less error-prone.
However, various international organizations, such as the FSB, continue to warn that, although these innovations are promising, their implementation requires clear and robust regulatory frameworks to maintain the stability and protection of users, as well as the financial system. Therefore, it urges regulators, central banks, and developers to work together to ensure that technological advantages translate into real benefits without compromising financial integrity.
Trade stablecoins and send payments hassle-freeFinancial innovation drives new global standards
In a market where immediacy defines the user experience, the Financial Stability Board's report on the G20 roadmap highlights the urgency of accelerating international payments. It's not just about improving technology, but about transforming the entire global financial system to function more quickly and transparently. And, in this necessary transformation, stablecoins and tokenized deposits are gaining prominence.
These digital instruments and innovations, based on blockchain technology, represent an innovative alternative that challenges the limitations of traditional methods, offering greater speed and reliability. Their growing adoption by businesses and corporations is a clear sign of the direction the financial market is headed: an ecosystem that integrates crypto technology to ensure that money travels with the agility and security required in today's global economy.
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