Cross-Border Payments

3 min readAug 18, 2023


Hello Brillionnaires ! Ready to revolutionize your crypto experience ? As we saw in our last post, we learned that account abstraction provides many features and improves the user experience to ensure mass adoption of blockchain technology.

Furthermore, the application of these advancements is leading a transformative shift in particular domains, notably in the financial sector.

The digitization of payments through mobile devices has experienced substantial expansion in recent times, particularly in the context of cross-border transactions.

Now let’s take a look at how remittance payment can be defined, and then see how Brillion wants to revolutionize its use.

What are cross-border payments ?
In general, it refers to the transfer of an amount of money from one person to another. More specifically, remittance involves the movement of funds from one location to another, commonly crossing international borders. This monetary transfer is usually initiated by a person who is working in a foreign country, who sends money to their country of origin or to his family.

The market was worth almost $700 billion in 2021 and is expected to reach $900 billion by 2026 according to the World Economic Forum!

These figures show that the sector is growing rapidly, particularly as a result of the digitalisation of payment methods. Note that in 2021, a significant 76% of the world’s adult population possessed an account either with a bank, another financial establishment, or a mobile money provider. Nevertheless, 1.4 billion people in the world are still unbanked.

So, in addition to the exponential growth of the cross-border payments market, we need to make it easier for all users to use these services and attract a new audience that is still unbanked.

Indeed, the market is still too traditional, transaction times are still too long, and the costs are still too high for this type of service. That’s why it’s important to incorporate the new innovations coming out of web3, while at the same time incorporating our web2 habits (particularly in terms of user
experience). This assembly will make the world of finance accessible in a matter of seconds!

Therefore, due to the advancements in innovation and technology, viable solutions are present and actively being implemented by Brillion!

How will Brillion revolutionize cross-border payments?
First of all, with the implementation of the account abstraction, Brillion will allow you to manage your payments as you wish.

The ERC-4337 standard facilitates automated and recurring payments, making subscription services more efficient. Users have the flexibility to set their own spending limits and receive alerts when these are reached. Additionally, it offers the capability to establish payment schedules with predetermined intervals, ensuring timely disbursements to recipients.

In addition to these specific features, Brillion doesn’t limit itself to just
adoption the standard ; it pushes the boundaries even further.

Currently, when you make a remittance payment, traditional finance offers
services with high fees (around 6% per transaction), a waiting time to receive the funds (hours, even days!), and many intermediaries.

By using Brillion, you are choosing a trusted partner and an innovative
fast finance service.

Indeed, thanks to the leverage and innovation of decentralised technology,
Brillion’s application will allow you to make remittance payments in just a few seconds, without any intermediary.

As an illustration, you have the ability to schedule a remittance payment from your account to your smart wallet Brillion, resulting in nearly instantaneous receipt of the funds as opposed to waiting for several days !

Furthermore, apart from the immediate transfer, you only pay 1% in fees! This rate has been reduced by a factor of six compared to prevailing market rates! Lastly, it’s important to highlight that the provided service is fully compliant with existing regulations.

With the Brillion smart wallet, you can connect with your social login (Twitter, Gmail or Facebook) in just a few clicks, integrate your traditional bank into your wallet, and make transfers in just a few seconds. In the space of just 5 minutes, you can access a whole range of financial services at a fraction of the cost.

We told you: Brillion’s impact will be massive
Seize the opportunity to oversee your portfolio, manage your
transfers and make your own investments! Look out for the Open Beta announcement coming soon!