THE FINTECH INTERVIEW
Cross-border business-tobusiness payments remain one of commerce’ s most friction-heavy processes globally. Conventional methods often leave companies waiting days for international transfers to clear, while accumulating layers of fees and exposure to volatile exchange rates.
Stablecoins – cryptocurrencies pegged to fiat currencies like the US dollar – are emerging as a compelling alternative.
Digital assets promise to transform how businesses pay international suppliers by leveraging blockchain infrastructure to enable nearinstant settlements.
Saurabh Joshi, President of payments solutions company CSG Forte, believes stablecoins hold genuine potential to reshape global business payments.
“Stablecoins don’ t just move money faster. They modernise how global businesses manage working capital, reduce overhead and improve speed”
Saurabh Joshi,
President,
CSG Forte
Drawing from his previous experience at PayPal and Western Union, Saurabh has witnessed the evolution of digital payment technologies firsthand.
“ Stablecoins hold real promise for transforming cross-border B2B payments,” Saurabh explains.“ Today, businesses often wait days for funds to settle internationally, with layers of fees and exposure to shifting exchange rates.”
How stablecoins remove bottlenecks Multiple intermediaries, time-zone delays, foreign exchange conversions and banking fees create complexity in international payment processes today. Each step adds cost and time to what should be straightforward transactions.
Stablecoins fundamentally alter this equation by treating international payments as digital ledger updates rather than physical money movements.
Underlying funds remain in bank accounts earning interest, while transactions settle almost instantaneously on blockchain networks.
“ Stablecoins change the equation by enabling instant settlement on blockchain infrastructure,” Saurabh continues.“ Instead of physically moving money between countries, transactions become a simple digital ledger update.” Bypassing traditional clearing house systems entirely, this approach removes many bottlenecks that slow conventional cross-border payments.
Businesses managing complex supply chains with international vendors could see significant operational improvements.