Traditional payment systems are a mess. They’re slow, expensive, and built on outdated infrastructure that’s barely changed in decades. Businesses are losing time, money, and opportunities because of it.
Blockchains were built to fix this. And now is the time to disrupt the payment economy.
At On-Chain B2B Payments Day, Bitwave CEO & Co-Founder Pat White kicked off the event with a keynote that outlined the trillion-dollar opportunity that crypto has been waiting for. He also dropped some big news: the launch of the Bitwave Payment Network, a groundbreaking ecosystem that connects vendors, payors, and technology partners.
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So, why are traditional payments so broken? And why is now the moment to move them on-chain?
Let’s dive in.
Introducing The Bitwave Payment Network: A New Era for B2B Payments
The Bitwave Payment Network is an ecosystem connecting businesses, vendors, and technology partners to power fast, low-cost, and programmable payments on-chain.
Who Is Joining the Bitwave Payment Network?
- Payers & Vendors – Enterprise giants like Coinbase are moving millions in vendor payments with crypto using Bitwave. The Payment Network expands this ecosystem, making it easier for businesses to access the same enterprise-grade money movement systems.
- Technology Partners – It’s not just for companies sending and receiving payments. Bitwave is bringing together on/off-ramp providers, exchanges, stablecoins, custodians and more to create a seamless ecosystem of partners, payers, and vendors.
Welcome to the new payment economy.
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The Problem with Traditional Payment Systems
Most people don’t think twice about how bad the traditional payment system is because we’ve all been conditioned to accept it. Traditional payment processors place a hidden tax on consumer by charging processesing and transaction fees at every step.
But it doesn’t have to be like this.
- Payments are Slow – Domestic transactions take days. International transfers can take weeks. That should be unimaginable in an era where you can stream a 4K movie instantly from the passenger seat of a car.
- Payments are Expensive – Cross-border B2B payments hit $150 trillion last year and middlemen skim fees at every stepbanks. Payment software companies like Bill.com levy transaction fees that scale based on size and speed. Businesses are paying a tax just to move their own money.
- Payment Infrastructure is Outdated – Most business payments still rely on batch processing, manual approvals, and ACH transfers, which means we’re still stuck in the ‘70s. And legacy AR/AP platforms make more money off fees and float on your funds than they do from software subscriptions.
There’s a better way.
Crypto B2B Payments: Built for Speed, Efficiency, and Programmability
The irony is that crypto was originally designed to solve exactly this problem.
Satoshi’s 2008 Bitcoin whitepaper talked about payments. But for 15 years, the crypto industry distracted itself by everything else first: NFTs, DeFi, memecoins. Meanwhile, the trillion-dollar payments opportunity sat right in front of us.
Now, the industry is finally serious about fixing B2B payments with on-chain, enterprise-ready solutions. And here’s why that’s exciting:
- Faster Payments – Settle transactions in seconds, not days. No waiting. No bank hours. No middlemen slowing things down.
- Lower Costs – No more hidden fees. On Solana, a payment costs a fraction of a penny. Even on Ethereum, it’s only a dollar. Compare that to the 3%+ cut taken by traditional processors.
- Built-in Programmability – On-chain payments don’t just move money—they integrate with your ERP, automate AP/AR, and streamline reconciliation.
When you remove the rent-seeking middlemen, money moves the way it should: instantly, transparently, and without arbitrary fees.
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B2B Crypto Payments Are Happening—Are You Ready?
For the $150 trillion B2B payments industry, crypto isn’t a hypothetical future. It’s happening now.
Stablecoins already settled $30 trillion in transactions last year. The scale is here. The infrastructure is here. The opportunity is massive.
The only question: Is your business ready to start sending and receiving on-chain payments?
Stop letting banks and SaaS platforms extract value from your transactions.
Stop paying for payments.
About Stablecoin B2B Payments
Why are traditional B2B payments so slow?
Traditional B2B payments rely on outdated banking infrastructure, including ACH, wire transfers, and SWIFT, which operate on batch processing and banking hours.
Cross-border transactions add more delays due to intermediary banks, compliance checks, and currency conversions. Settlement times can range from 3 days to 2 weeks, creating cash flow inefficiencies for businesses.
How do stablecoins improve B2B payments?
Stablecoins eliminate middlemen, allowing businesses to send payments instantly, globally, and at a fraction of the cost.
Instead of waiting days for bank settlement, stablecoin transactions settle in seconds, regardless of time zones or banking hours. Plus, businesses can programmatically automate payments, improving cash flow and reducing operational overhead.
Are stablecoin payments secure and compliant?
Yes, but businesses need to use audit-ready, enterprise-grade software to ensure success.
Compliance automation software and tax reporting solutions like Bitwave help companies stay ahead of regulations.
Stablecoins themselves are typically backed 1:1 by fiat or liquid assets, making them a trusted payment option.
Disclaimer: The information provided in this blog post is for general informational purposes only and should not be construed as tax, accounting, or financial advice. The content is not intended to address the specific needs of any individual or organization, and readers are encouraged to consult with a qualified tax, accounting, or financial professional before making any decisions based on the information provided. The author and the publisher of this blog post disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use or application of any of the contents herein.
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