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Author's profile photo Sissi Ruthe

Cross-border payments made easy with Digital Money: Experience the Future – today

Today, cross-border payments are a hassle for many small and mid-sized enterprises with international business partners. Expensive – up to 50 USD per transaction, slow – up to 7 days to transmit the money, and non-transparent – you never know the status of the transaction.

These major challenges can get solved with Digital Money as a means of settlement and Blockchain as the underlying technology. Rather than using traditional payment rails, business partners agree on settling a cross-border transaction with USDC or EUROC, tokenized versions of the USD or Euro manifested in a blockchain as issued by Circle. These so called stablecoins are pegged 1:1 to the underlying FIAT currency and collateralized against cash holdings or short-term government securities thus avoiding any fluctuations. Technically, each business partner requires a wallet which in the blockchain world is the equivalent of a bank account. These wallets can be held in self-custody, enabling cross-border payments without intermediaries. To pay an invoice, the buyer just opens the wallet software, creates a transaction containing the seller’s wallet, signs it with the private key and sends it to the blockchain for validation and execution. Minutes later, upon verification the money is received at the seller’s wallet (technically a USDC or EUROC coin) and is at the seller’s disposal.

Starting today, you can get a first impression on this new approach for cross-border payments as SAP is launching a pre-view of the SAP Digital Currency Hub that showcases how easy cross-border payments with Digital Money will become in the future. Simply register for the Test Drive and experience the future of cross-border payments today.

Important update on 01.09.2023

Thank you for your participation and interest in experiencing the future of cross-border payments! The registration phase for test drives is closed. We continue now with a pilot phase with selected partners and customers. In case you are interested please feel free to contact us by email:

As part of the Test Drive, you will receive test USDC as play money to pay a sample invoice that you will also receive during onboarding. Being for experimental purposes only, the Test Drive does not operate on the main Blockchain but on a test network and does not involve true coins. Consequently, you cannot and must not make any real-world payments when using the Test Drive but just experience how fast, affordable, and reliable cross-border payments will look like.

Have a look at this short video to get an introduction to the new solution.

While it is as easy to use as online banking, it links the payment to business objects such as business partners, invoice numbers, etc., making it a true solution for businesses. Post the Test Drive, expect payments with Digital Money to get tightly integrated into the finance processes of your underlying SAP ERP system (SAP Business One, Business ByDesign or S/4HANA Cloud), thus making it a fully automated process with autonomous reconciliation.

Tell us what you think about the solution by answering our short survey: Would it solve your cross-border payment challenges? Was it easy to get started? Was it easy to use? And: Are you ready to get into the fascinating world of Digital Money and Decentralized Finance?

Note: SAP Digital Currency Hub is the intended name, however, the product is not yet generally available.

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      Author's profile photo Arne Timmermann
      Arne Timmermann

      Looks interesting, is the integration into e.g. SAP Business One already available? To complete the transaction the business partner on the other side also needs to use the SAP Digital Currency Hub, right?

      Author's profile photo Sissi Ruthe
      Sissi Ruthe
      Blog Post Author

      Hi Arne,

      thanks for your comment.

      No, the integration into SAP Business One or any of our other ERP solutions is not yet available.

      Yes, the business partner on the other side does not need to use the SAP Digital Currency Hub, but e.g. Metamask or any other solution.

      Best regards,


      Author's profile photo Zafer Yumak
      Zafer Yumak

      Is USDC on the Ethereum blockchain (maybe Stellar)?

      There are other fintech solutions that use blockchain for cross-border payments without the need of holding/managing a crypto wallet. The current regulatory regime is challenging but in the future I would guess companies will just use a "Plug n Play" solution like Ripple's ODL or similar, making cross-currency payments using a fast/cheap token as a bridge currency.

      Stable coins are a great start though, will definitely give it a try.


      Author's profile photo Gustavo Frederico
      Gustavo Frederico

      Looking forward to its integration with SAP Commerce Cloud, specially B2B.

      Author's profile photo Virinchy Panangipalli
      Virinchy Panangipalli

      Interesting solution.

      I think the solution uses the Payment API of CIRCLE for the transfer. Did SAP partner with Circle for this solution? Usually, for any payment issues, the finance team reaches out to the bank and gets them resolved. However, in the case of any payment issues on the blockchain, since Circle plays the role of a bank, can customers expect support from it?

      Author's profile photo Sissi Ruthe
      Sissi Ruthe
      Blog Post Author

      Dear Virinchy,

      thanks for your comment.

      Yes, Circle can be used in case of on- and off-ramping of USDC or EUROC. But we expect that on- and off-ramping is not happen frequently as incoming and outgoing payments will happen on a regular basis in stablecoins in our solution.

      Or did you mean anything else?

      Best regards,




      Author's profile photo Debasis Majumder
      Debasis Majumder

      hello Sissi, can this be used to resolve nostro/vostro transactions/settlement for banks?

      Kind regards.


      Author's profile photo Hristo Kostov
      Hristo Kostov

      I have a question related to payments with stablecoins in Ethereum network.  When such payments are possible will it be good to have the option to register ENS domains instead of sending the address of the stablecoin?

      Author's profile photo paul brown
      paul brown

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      If you're considering investing in cryptocurrencies or exploring different opportunities, here are a few general tips I was made to understand during the seven months of working closely with Redd.
      1.Diversification: Consider diversifying your portfolio across different cryptocurrencies to spread risk.
      2.Research: Conduct thorough research on the specific cryptocurrencies you're interested in, their use cases, technology, and market trends2.
      3.Security: Prioritise the security of your digital assets. Use secure wallets, enable two-factor authentication, and be cautious about sharing personal information online.
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      Always be wary of unsolicited messages or emails promoting investment opportunities and thoroughly verify the legitimacy of any service providers. If you have specific questions or concerns about a particular investment opportunity, it's advisable they help you get get to them for adequate truth on crypto trading.