![Singapore-eyes-blockchain-based-payment-for-cross-border-transactions-min (1) Singapore Flag with blockchain](https://coingeek.com/wp-content/uploads/2022/10/Singapore-eyes-blockchain-based-payment-for-cross-border-transactions-min-1-380x188.jpg)
Singapore eyes blockchain-based payment for cross-border transactions
Ravi Menon noted that cross-border payments are blighted by several issues, the most significant being the speed of settling transactions and the high costs associated with remittances.