Digital Currencies and Financial Infrastructure: Implications for Global Trade and Supply Chains
Abstract
Digital currencies and blockchain technology are reshaping global trade and financial infrastructure by enabling faster cross-border transactions, improving supply chain transparency, and reducing reliance on traditional banking systems. This paper explores how the rise of digital currencies, including cryptocurrencies and central bank digital currencies (CBDCs), transforms trade financing, payment processing, and supply chain management. The study examines the role of blockchain in improving transaction security, reducing costs, and enhancing trade settlement efficiency. It also discusses how geopolitical trends, trade tariffs, and regulatory frameworks are influencing the adoption of digital currencies in global trade. World Trade Organization (2022). The analysis provides insight into the challenges and opportunities presented by digital currencies and outlines future directions for integrating blockchain technology and AI-driven payment systems into trade networks.
How to Cite This Article
Jay Patel (2024). Digital Currencies and Financial Infrastructure: Implications for Global Trade and Supply Chains . International Journal of Multidisciplinary Research and Growth Evaluation (IJMRGE), 5(1), 1586-1589. DOI: https://doi.org/10.54660/.IJMRGE.2024.5.1.1586-1589