跨境支付市場飆升，激烈競爭

跨境支付產業正在經歷激增的成長，預計到2027 年將達到250 兆美元。在Ripple、Stellar、Swift 和FedNow 等公司創新的推動下，該產業正在經歷激烈的競爭，以在這個利潤豐厚的市場中建立主導地位。

Cross-Border Payment Industry Poised for Exponential Growth, Sparking Intense Competition

跨境支付產業呈指數級增長，競爭加劇

The global cross-border payment industry is poised for a meteoric rise, with analysts predicting it will surge to an astounding $250 trillion by 2027. This remarkable growth trajectory, driven by a surge of $25 trillion since 2018, has ignited a fierce battle for dominance among established players and emerging challengers.

全球跨國支付產業正蓄勢待發，分析師預測到2027 年將飆升至驚人的250 兆美元。自2018 年以來激增25 兆美元推動這一非凡的成長軌跡，引發了激烈的主導地位爭奪戰在老牌參與者和新興挑戰者。

Leading the charge is Swift, the global financial messaging provider, which remains the preferred choice for cross-border transactions, as evidenced by a recent survey involving 4,000 consumers and small and medium-sized enterprises (SMEs). However, the industry landscape is rapidly evolving, with Ripple, Stellar Lumens, Cardano, Hedera, FedNow, and others making significant inroads.

處於領先地位的是全球金融訊息提供者 Swift，最近一項涉及 4,000 名消費者和中小企業 (SME) 的調查證明，它仍然是跨國交易的首選。然而，產業格局正在迅速發展，Ripple、Stellar Lumens、Cardano、Hedera、FedNow 等都取得了重大進展。

Swift's Dominance Under Threat

斯威夫特的統治地位受到威脅

Despite Swift's long-standing dominance, the company faces formidable competition from Ripple, a leading blockchain-based payment network, and Stellar Lumens, known for its lightning-fast and affordable transactions.

儘管 Swift 長期佔據主導地位，但該公司面臨著來自領先的基於區塊鏈的支付網路 Ripple 和以其閃電般快速且價格實惠的交易而聞名的 Stellar Lumens 的強大競爭。

Ripple's recent strategic partnership with Amazon, the e-commerce behemoth, has further cemented its position as a major player. Experts predict that the wider adoption of XRP, Ripple's native token, in cross-border payments could propel its value to an astronomical $500 by 2027.

Ripple 最近與電子商務巨頭亞馬遜的策略合作夥伴關係進一步鞏固了其主要參與者的地位。專家預測，Ripple 的原生代幣 XRP 在跨境支付的廣泛採用可能會在 2027 年將其價值推至 500 美元的天文數字。

Stellar Lumens, on the other hand, stands out for its interoperability, enabling seamless interactions with other blockchains and traditional financial institutions through regulated entities known as anchors. This versatility positions Stellar as a serious contender in the race for supremacy.

另一方面，Stellar Lumens 因其互通性而脫穎而出，透過被稱為「錨」的受監管實體實現與其他區塊鏈和傳統金融機構的無縫互動。這種多功能性使 Stellar 成為爭奪霸主地位的有力競爭者。

Hedera Emerges as a Contender

Ivy 成為競爭者

Hedera, a blockchain project renowned for its lightning-fast settlement times and scalability, has also emerged as a formidable force in the cross-border payment arena. With a remarkable capacity to process 10,000 transactions per second at a negligible cost of less than 1 cent per transaction, Hedera offers a compelling value proposition.

Hedera 是一個以其閃電般的快速結算時間和可擴展性而聞名的區塊鏈項目，也已成為跨境支付領域的強大力量。 Hedera 具有每秒處理 10,000 筆交易的卓越能力，每筆交易的成本可忽略不計，不到 1 美分，因此提供了令人信服的價值主張。

FedNow: A Game-Changer in the US

FedNow：美國的遊戲規則改變者

The United States has also entered the fray with FedNow, an instant payment system launched by the Federal Reserve in 2023. This first-of-its-kind American real-time payment system has gained widespread support from banks, credit unions, and the Treasury Department's Bureau of Fiscal Service. FedNow's optional sign-up process makes it accessible to over 10,000 US financial institutions.

美國也加入了FedNow的競爭，這是聯準會於2023年推出的即時支付系統。這個美國首創的即時支付系統獲得了銀行、信用合作社和財政部的廣泛支持部門的財政服務局。 FedNow 的可選註冊流程使其可供超過 10,000 家美國金融機構使用。

Growth Drivers and Emerging Economies

成長動力和新興經濟體

The surge in cross-border payment volumes is largely attributed to increased investments in trade and infrastructure projects, such as the African Continental Free Trade Area and China's Belt and Road Initiative. These initiatives are estimated to contribute approximately 10% to the annual growth in cross-border payments from emerging economies.

跨境支付量的激增很大程度上歸因於貿易和基礎設施項目投資的增加，例如非洲大陸自由貿易區和中國的「一帶一路」倡議。這些舉措預計將為新興經濟體跨境支付的年度成長貢獻約 10%。

Interoperability and Innovation Key to Success

互通性和創新性是成功的關鍵

As the cross-border payment industry continues to evolve, interoperability and innovation will play a pivotal role in determining the success of various platforms. The ability to seamlessly integrate with other financial systems, including both traditional and blockchain-based networks, will be essential for capturing market share.

隨著跨境支付產業的不斷發展，互通性和創新將在決定各個平台的成功方面發揮關鍵作用。與其他金融系統（包括傳統網路和基於區塊鏈的網路）無縫整合的能力對於佔領市場份額至關重要。

Moreover, the ongoing experimentation with Central Bank Digital Currencies (CBDCs) further elevates the complexity of the cross-border payment landscape. Swift's recent CBDC interoperability experiment, involving numerous financial institutions, underscores the importance of collaboration and harmonization in this burgeoning field.

此外，正在進行的中央銀行數位貨幣（CBDC）實驗進一步提高了跨境支付環境的複雜性。 Swift 最近進行的 CBDC 互通性實驗涉及眾多金融機構，強調了這一新興領域合作與協調的重要性。

Conclusion

結論

The cross-border payment industry is on the cusp of an unprecedented transformation, driven by the convergence of technology, innovation, and geopolitical factors. As established players and emerging challengers vie for dominance, the race for supremacy will undoubtedly intensify in the years to come. Interoperability, cost efficiency, scalability, and regulatory compliance will be critical factors in determining the ultimate winners in this high-stakes battle.

在技​​術、創新和地緣政治因素融合的推動下，跨境支付產業正處於前所未有的變革的風口浪尖。隨著老牌企業和新興挑戰者爭奪主導地位，未來幾年爭奪霸主地位的競爭無疑將加劇。互通性、成本效率、可擴展性和法規遵循將是決定這場高風險戰鬥中最終獲勝者的關鍵因素。