Global business drives over $120 trillion of B2B commerce annually – but managing this trade is far from efficient. In the US, nearly 70% of B2B volume is still paid by paper checks, which cost up to $22 to process. Businesses incur over $2.7 trillion in B2B administrative costs – 80% of which is paid by small business. But a new generation of payment and software solutions is emerging which promises to cut costs by up to 75% and unleash $1.5 trillion in small business productivity. In this report, we explore the technology players that are attacking this $1 trillion B2B revenue opportunity.
30 days
Average time to complete a global supplier payment
$8
Average cost of a single vendor payment
1 in 5
People experience payments fraud
47%
Nearly half experience payment delays
We believe stablecoins will transform and improve global money movement. XFT slashes settlement times from days to minutes and reducing costs from 2-3% to under 1%. Available 24/7, we enable faster, cheaper global transfers, revolutionizing payment providers' services and expanding their reach. Our total utility is a more accessible, cost-effective financial ecosystem benefiting both providers and customers worldwide.
Our Solution
Traditional payments take up to 30 days to settle due to a series of network banks in the SWIFT network. SWIFT was developed in 1973 - over 50 years ago. With XFT, we have developed the OS for the money to move globally over a network of anchors across various blockchains - we call this distributed ledger technology. When you send a payment on XFT, we detect the fastest and most-cost effective blockchain to route the transaction across. It’s the new SWIFT network - for the next chapter of the internet.
$5.6T
Estimated remote payments by 2025
1 in 5
Shoppers abandoned cart due to complex checkout
$54B
Forecast CNP fraud by 2028
$127T
Annual global B2B commerce volume
$2.7T
Accounts payable costs today
75%
Potential accounts payable cost reduction
How do we compare?
State of the art
1. US merchant sends $10,000 to UK supplier via Visa
2. Takes 2 days, costs $300 in fees
3. Supplier receives 10,000 USDX, converts to £7,700
Stablecoin
1. Merchant sends 10,000 USDX
2. Settles in 10 minutes, costs $50
3. Supplier receives £7,500 after FX
State of the art
1. Worker in US sends $200 to family in Mexico
2. Takes 1 day, costs $12 in fees
3. Family receives 3,300 pesos
Stablecoin
1. Worker sends 200 USDX
2. Settles in minutes, costs $2
3. Family receives 200 USDX, converts to 3,450 pesos
USDX gives everyone access to world-class financial services
Cross-border transfers
Fast, low-cost international payments
Crypto-fiat conversion
Seamless merchant settlements
Yield generation
Earn interest on idle funds
DeFi integration
Enable lending/borrowing services
Stable remittances
Low-volatility money transfers
Multi-chain transactions
Payments across blockchain ecosystems
Instant settlement
Reduce transaction finality time
Liquidity provision
Supply to DeFi pools for additional yield
Tokenized treasury management
Efficient cash reserves handling
Programmable payments
Smart contract-enabled transactions
Criteria
Crypto Payment API
Manual Crypto Payments
Automation
Fully automated process with real-time tracking and payment processing.
Manual entry of wallet addresses, payment tracking, and recording transactions.
Security
Advanced security features like encryption, fraud detection, and multi-signature wallets.
Security relies on the business’s wallet management and knowledge, prone to human error.
User Experience
Smooth experience with automatic invoices and real-time transaction status updates.
Cumbersome experience requiring manual entry of payment details without real-time tracking.
Transaction Tracking
Automated tracking of payments, with real-time updates on payment status.
Manually track payments through blockchain explorers, which is time-consuming.
Scalability
Easily scales to handle a high volume of transactions without added complexity.
Not scalable; becomes more difficult and prone to errors with higher transaction volumes.
Currency Support
Supports multiple cryptocurrencies with automatic conversions and real-time exchange rates.
Requires separate wallets for each cryptocurrency, increasing complexity.
Cost Efficiency
May include fees, but time and efficiency savings outweigh costs for high transaction volumes.
No direct costs beyond blockchain fees, but manual effort and time are costly in the long run.
Regulatory Compliance
Includes built-in KYC and AML tools for regulatory compliance.
Requires independent management of compliance, which can be complex and time-consuming.