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While domestic payments are faster than ever, international transactions remain stuck in the past. In this episode, Monex Chief Economist John Min explains why cross-border payments are often slow, costly, and unpredictable.

GUEST-AT-A-GLANCE
Name: John Min, Ph.D
What they do: Chief Economist
Company: Monex
Noteworthy: John specializes in global payments, macroeconomic trends, and helps financial institutions navigate the complexities of cross-border transactions and foreign exchange.
Where to find him: https://www.linkedin.com/in/john-min-4941634/

Most community banks and credit unions rely on a chain of large correspondent banks, creating delays and opaque fees that frustrate customers and hurt businesses. This outdated system puts smaller institutions at a major disadvantage, risking the loss of deposits to larger competitors with more advanced technology.

John breaks down how emerging solutions like stablecoins and plug-and-play platforms are set to revolutionize the industry. He argues that by partnering with specialized providers, community banks can level the playing field to offer fast, transparent international payments. Adopting this new technology is no longer just an option—it's essential for protecting their deposit base, improving customer satisfaction, and unlocking new revenue.