Yes, digital currencies like Bitcoin can be used for cross-border payments. In fact, one of the main advantages of cryptocurrencies is the ability to send and receive payments anywhere in the world almost instantly, with low transaction fees and without the need for intermediaries such as banks.
As for cross-border payment SaaS providers, some of them have started to integrate digital currencies into their payment platforms. This means that businesses can use these platforms to send and receive payments in cryptocurrencies, as well as in traditional fiat currencies. This can help to reduce the cost and time involved in cross-border payments, as well as provide greater financial privacy and security. However, it's important to note that the use of cryptocurrencies for cross-border payments is still in its early stages and there are many regulatory and technological challenges that need to be overcome before it can be widely adopted.
In-fact, banks, businesses and individuals can approach international remittance SaaS providers and if possible get the required cross-border payment platform upgraded for the digital currency of choice. Of-course this is subject to technological and regulatory procedures and may take time to develop.
Fable Fintech creates customizable international remittance SaaS solutions / white-label money transfer software / open banking APIs / white-label cross border payments platforms (SaaS/PaaS)/ Forex rate systems for banks and financial institutions. Fable Fintech also provides cross border B2B, DTC remittance solutions for businesses along with Fx rate systems. Learn more about cross-border remittances and international payment technology on Fable Fintech's cross border payments blog