Qubetics, Hedera, and Cronos: Transforming Cross-Border Payments and Reshaping the Future of Finance

This innovation underscores Qubetics’ vision of becoming a pivotal player in financial technology. By combining blockchain’s transparency with unmatched efficiency

Financial institutions are increasingly looking for ways to improve the cross-border payments landscape. Unlike domestic payments, which usually take one to two days to complete, cross-border payments can take three to five days or more, varying widely depending on the institutions involved, the payment corridors, and the presence of any manual intervention.

This disparity in processing times highlights the pressing need for innovation in cross-border payments. Fortunately, several promising startups are emerging, introducing groundbreaking solutions to streamline and expedite financial transactions across borders.

One such startup is Qubetics, a company that has set out to transform cross-border payments for financial institutions. The startup's solution is built on blockchain technology, leveraging its inherent transparency and efficiency to enable seamless and swift transactions.

In a recent blog post, the startup explained how its solution combines the best aspects of blockchain and financial institution capabilities. According to the startup, its cross-border payments solution is designed to be compliant with regulations in various jurisdictions, striking a balance between innovation and stability.

"Financial institutions typically perform several crucial functions that blockchain technology may not fully cover, such as Know Your Customer (KYC) and anti-money laundering (AML) regulations, cross-border regulatory compliance, and handling large-scale payments with minimal risk appetite," the startup explained in the post.

To mitigate these limitations, the startup proposes a hybrid approach, combining blockchain's strengths with the capabilities of financial institutions. In essence, the startup's solution involves financial institutions 'wrapping' and unrolling atomic units of value (AUs) on their respective chains.

These AUs, initially in the form of central bank digital currency (CBDC) or a stablecoin pegged to a fiat currency, would be used to facilitate cross-border payments.

"The financial institutions would then exchange the AUs at an agreed-upon exchange rate, ensuring efficient and cost-effective cross-border payments," the startup stated in the post.

This innovation underscores Qubetics’ vision of becoming a pivotal player in financial technology. By combining blockchain’s transparency with unmatched efficiency, Qubetics is revolutionising how payments are made and reshaping the financial services industry’s future.

After a year of lows in the cryptocurrency market, there has been a shift in focus towards tokens that offer both innovation and the potential for long-term gains. As the market recovers, investors are seeking new opportunities.

Hedera

Hedera, a public, distributed ledger technology (DLT) startup, has been making headlines since its launch in 2019. Its native cryptocurrency, HBAR, has seen some interesting price movements, especially during the 2021 bull market.

The token began its journey on exchanges at $0.01, quickly dropping to $0.003 after a sharp price correction. However, it managed to stabilise above $0.01 during the spring 2020 bull market.

By the end of 2020, as Bitcoin’s bull run began, HBAR reached $0.03. But the real turning point came in early 2021, when its value surged more than tenfold, ultimately reaching a peak of $0.36 in just two and a half months.

This momentum continued during the second alt season of that year, with HBAR achieving an all-time high of $0.57 in mid-September 2021.

Since then, the price has experienced some fluctuations, but Hedera remains a promising blockchain platform with a large ecosystem and a community that continues to support it. With its history of rapid growth during periods of favorable market conditions, HBAR might be a cryptocurrency to watch in future bull cycles.

Cronos

Another token that has been quietly gaining attention is Cronos (CRO), the native token of the Crypto.com ecosystem.

This foundation provides Cronos with unique utility and integration across the platform’s ecosystem. In addition to its role as a native token for trading, Cronos supports a decentralized finance (DeFi) ecosystem, including decentralised finance, NFTs, and GameFi projects.

This functionality positions Cronos as a versatile and valuable asset within the crypto market.

The token’s performance also reflects its growing adoption, with an impressive 80% price increase this year. As the broader crypto market continues to recover, native exchange tokens like Cronos are likely to benefit even more, further solidifying their role as reliable long-term investments.

For investors interested in a blend of cutting-edge technology and market performance, these three cryptos might be worth considering.