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According to Statista, the total value of cross-border payments is expected to grow from $21.78 trillion in 2016 to $30.2 trillion by 2022. With the birth of Bitcoin in 2009, cryptocurrencies have appeared on the financial market, disrupting the sector with innovative features and unique technology in the form of the blockchain. With benefits like high transparency, low transaction fees, cryptocurrencies can make a fine addition to the services of traditional finance companies and payment service providers. Despite the significant progress in the payments industry's development, companies within the sector are still facing major issues, such as limited transparency.