The Future of Trade Finance Emerges on a Platform Called mBridge

The world transacted about $32 trillion in trade of goods and services last year, and about half was invoiced in one currency — the dollar. Every day, trillions more flow through the global banking system to settle payments, finance trade or move securities, and most of it also involves the US currency.

According to one estimate cited by the Bank of England, the total value of cross-border payments — both retail and wholesale — might exceed $250 trillion by 2027. That’s more than double the world’s annual GDP and a jump of more than $100 trillion in the span of a decade.