Technologies for moving money in a single currency are improving significantly. But what is true for domestic payments is much less the case (yet) for cross-border payments. In other words, while my ability to pay the money I use to anyone else that uses (or is happy to receive) the same money has become quicker, easier and cheaper, if the recipient lives abroad and wants payment in a different currency, the process is slower, more complicated and more expensive. Payments of privately issued