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Security risks
The payment system is facing various security threats, such as data leakage, payment fraud, malicious attacks, etc., which pose a threat to the security of the payment system
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Transaction speed and real-time performance
The transaction processing speed of traditional payment systems is slow and cannot meet the needs of real-time payments, especially in scenarios such as cross-border payments, where transaction processing time is longer
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The complexity of cross-border payments
Cross border payments involve multiple currencies, regulatory regulations from multiple countries, exchange rate conversion, and other issues, making the processing and settlement of cross-border payments complex
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Cross-platform compatibility
Payment systems need to achieve compatibility across different platforms and devices, including PC, mobile, online and offline, making cross platform compatibility a challenge
Solutions