跨境支付市场飙升，激烈竞争

跨境支付行业正在经历激增的增长，预计到 2027 年将达到 250 万亿美元。在 Ripple、Stellar、Swift 和 FedNow 等公司创新的推动下，该行业正在经历激烈的竞争，以在这个利润丰厚的市场中建立主导地位。

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

跨境支付行业呈指数级增长，竞争加剧

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.

全球跨境支付行业正蓄势待发，分析师预测到 2027 年将飙升至惊人的 250 万亿美元。自 2018 年以来激增 25 万亿美元推动这一非凡的增长轨迹，引发了激烈的主导地位争夺战在老牌参与者和新兴挑战者中。

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.

处于领先地位的是全球金融消息传递提供商 Swift，最近一项涉及 4,000 名消费者和中小企业 (SME) 的调查证明，它仍然是跨境交易的首选。然而，行业格局正在迅速发展，Ripple、Stellar Lumens、Cardano、Hedera、FedNow 等都取得了重大进展。

Swift's Dominance Under Threat

斯威夫特的统治地位受到威胁

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.

尽管 Swift 长期占据主导地位，但该公司面临着来自领先的基于区块链的支付网络 Ripple 和以其闪电般快速且价格实惠的交易而闻名的 Stellar Lumens 的强大竞争。

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 最近与电子商务巨头亚马逊的战略合作伙伴关系进一步巩固了其主要参与者的地位。专家预测，Ripple 的原生代币 XRP 在跨境支付中的广泛采用可能会在 2027 年将其价值推至 500 美元的天文数字。

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 因其互操作性而脱颖而出，通过被称为“锚”的受监管实体实现与其他区块链和传统金融机构的无缝交互。这种多功能性使 Stellar 成为争夺霸主地位的有力竞争者。

Hedera Emerges as a Contender

Ivy 成为竞争者

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 是一个以其闪电般的快速结算时间和可扩展性而闻名的区块链项目，也已成为跨境支付领域的一支强大力量。 Hedera 具有每秒处理 10,000 笔交易的卓越能力，每笔交易的成本可忽略不计，不到 1 美分，因此提供了令人信服的价值主张。

FedNow: A Game-Changer in the US

FedNow：美国的游戏规则改变者

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.

美国也加入了FedNow的竞争，这是美联储于2023年推出的即时支付系统。这一美国首创的实时支付系统获得了银行、信用合作社和财政部的广泛支持部门的财政服务局。 FedNow 的可选注册流程使其可供超过 10,000 家美国金融机构使用。

Growth Drivers and Emerging Economies

增长动力和新兴经济体

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归因于贸易和基础设施项目投资的增加，例如非洲大陆自由贸易区和中国的“一带一路”倡议。这些举措预计将为新兴经济体跨境支付的年度增长贡献约 10%。

Interoperability and Innovation Key to Success

互操作性和创新是成功的关键

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.

随着跨境支付行业的不断发展，互操作性和创新将在决定各个平台的成功方面发挥关键作用。与其他金融系统（包括传统网络和基于区块链的网络）无缝集成的能力对于占领市场份额至关重要。

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，正在进行的中央银行数字货币（CBDC）实验进一步提高了跨境支付环境的复杂性。 Swift 最近进行的 CBDC 互操作性实验涉及众多金融机构，强调了这一新兴领域合作与协调的重要性。

Conclusion

结论

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​​术、创新和地缘政治因素融合的推动下，跨境支付行业正处于前所未有的变革的风口浪尖。随着老牌企业和新兴挑战者争夺主导地位，未来几年争夺霸主地位的竞争无疑将加剧。互操作性、成本效率、可扩展性和法规遵从性将是决定这场高风险战斗中最终获胜者的关键因素。