Research on the Application and Prospect of Digital Currency in International Trade Settlement

Xiaoyan Gao

doi:10.54097/998yne03

Authors

Xiaoyan Gao

DOI:

https://doi.org/10.54097/998yne03

Keywords:

Digital Currency, International Trade Settlement, Application

Abstract

With the increasing integration of the global economy, the international trade settlement method is also constantly evolving. As an emerging means of payment, the application of digital currency in international trade settlement has gradually attracted more attention. This paper aims to discuss the application status, advantages, challenges and future development prospects of digital currency in international trade settlement. Through research, it is found that digital currency shows the advantages of high efficiency and low cost in international trade settlement, but it also faces challenges such as technical security and lack of regulation. Looking ahead, digital currencies are expected to play a bigger role in international trade settlement, but the government, enterprises and technology providers need to work together to overcome existing problems, improve the regulatory system and promote the healthy development of digital currencies.

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