On-Chain Restructuring of Enterprise Payment Systems: From Encrypted Payments to Global Value Circulation

Take Statista data as an example: by 2025, the global scale of enterprise digital payments exceeded $80 trillion, a truly staggering figure. The penetration rate of blockchain in the payment field reached a staggering 17.3%, almost ten times that of 2020.

Frankly, this change is not just a technological upgrade; more importantly, it allows enterprises to finally truly enter a global, real-time value network.

In short, payments are no longer just about "receiving money"; they have become a new path for enterprises to allocate resources, improve efficiency, and rebuild competitiveness globally.

I. Payment is no longer just about receiving money: Businesses are connecting to a global on-chain value network

Previously, businesses had very simple requirements for payment systems: Will the money arrive on time? Will there be any problems?

However, once business expands to cross-border, this approach becomes completely ineffective. Did you know that traditional cross-border payments often go through 3 to 5 intermediary banks, with fees ranging from 1% to 3%? The most troublesome aspect is that the arrival time can easily take 1 to 3 business days, which is extremely time-consuming.

For many businesses, this is not only slow and expensive, but also lacks transparency throughout the process, leaving them feeling uncertain.

The emergence of blockchain technology, frankly, addresses these pain points. Decentralization, traceability, and immutability allow funds to flow more directly globally, avoiding detours and reducing intermediary fees.

A frequently cited example is the collaboration between MoneyGram and Ripple. They rebuilt the cross-border payment process using blockchain, bypassing the traditional intermediary banking system and achieving near-instantaneous fund transfers with transaction fees below 0.5%.

The results were obvious: cross-border business volume increased by 42% year-on-year, and customer retention rate improved by 28%.

These cases illustrate a key point: on-chain payments are not just about optimizing processes; more importantly, they help businesses truly connect to the global value network.

II. Don't Misunderstand On-Chain Payments as Just "Fund Transfers"

Many companies, upon hearing about on-chain payments, immediately think: "Can it accept cryptocurrency?"

But frankly, in enterprise-level scenarios, on-chain payments are far more than just "fund transfers." It's more like a complete system of capabilities—from payment access and transaction processing to risk control, compliance auditing, and integration with internal enterprise systems—all are indispensable.

In other words, this isn't a randomly added plugin, but a robust infrastructure.

IBM Blockchain's experience in B2B payments perfectly illustrates this point. Instead of creating a standalone payment module, they built a complete system tailored to the real needs of businesses: the payment gateway directly connects to the company's existing financial system, smart contracts automatically execute payment conditions, significantly reducing manual operations, and a compliance audit module records the entire process for easy review.

One global manufacturing company experienced particularly significant results after implementing this system: transaction costs decreased by 35%, the dispute rate decreased by 60%, and overall payment efficiency increased by 70%.

The underlying logic is simple: the value of on-chain payments is never about piling on features, but about sound system design.

III. The Real Key: Making Blockchain "Disappear" for Users

There's a consensus in the industry that blockchain itself isn't very user-friendly. Private keys, signatures, and on-chain confirmations are not only unattractive to ordinary users, but also cumbersome and daunting.

Therefore, a mature on-chain payment system aims for the opposite: hiding all the complexities in the background, leaving users with only a simple and easy-to-use interface.

Companies like BitPay, Circle, and Square are leading the way in this regard. Take BitPay, for example; the user experience is almost indistinguishable from traditional payments—enter the amount, confirm, and that's it.

The truly complex processes—signing, on-chain processing, and confirmation—are all handled quietly in the background. Users don't need to worry about private keys or understand what blockchain technology is.

According to BitPay's 2025 data, they had processed 120 million enterprise on-chain payment transactions, partnering with over 300,000 companies. 85% of these companies cited "simplicity" as a key reason for choosing them.

This also shows that for on-chain payments to achieve widespread adoption, the human-computer interaction must first be "de-blockchainized," avoiding a cumbersome experience for users.

IV. The Real Change Happens Within Enterprises

The impact of on-chain payments extends beyond "how to receive money"; it extends to internal enterprise finance, operations, and supply chain processes.

In traditional systems, payment, finance, and business systems often operate independently, without interfering with each other. Reconciliation, settlement, and reporting often require manual intervention, inevitably leading to slowdowns.

The advantage of on-chain payments lies in the real-time synchronization of funds and data, eliminating the need for manual verification.

Take Inqud's platform as an example. They've integrated on-chain payments, financial control, and supply chain collaboration: funds can be cleared in real-time, reducing turnover cycles by over 50%; data is directly synchronized to the ERP system, reducing manual operations by 80%; and payments and reconciliations with suppliers are automated, saving considerable time.

One medium-sized retail enterprise experienced particularly noticeable results after implementing this system: financial processing efficiency improved by 65%, cash flow days decreased from 28 days to 12 days, and operating costs dropped by 25%.

These changes all point to one thing: on-chain payments are not just a single-point upgrade, but a complete transformation of the way we operate.

V. Build Trust as a System, Not Just a Promise

Ultimately, businesses care about three things: Security, Compliance, and Long-Term Usability.

On-chain payments are extremely costly if problems arise. Therefore, mainstream enterprise solutions almost universally employ technologies like SHA-256 encryption, multi-signature mechanisms, and real-time risk control to minimize risk to below one in a million and avoid errors as much as possible.

Compliance is equally unavoidable. MiCA, the US regulatory framework, and local policies in various countries all influence a company's choices. This is why more and more companies prefer solutions that have already proven their compliance, for peace of mind.

Take JPM Coin, for example. It doesn't pursue the notion of "decentralization" but instead integrates on-chain payments, clearing, and financing into a single, enterprise-usable system while adhering to compliance. This approach is more likely to be adopted on a large scale.

In Conclusion

On-chain payments are gradually changing the role of businesses. Businesses are no longer merely "recipients of payments," but have become direct participants in the global value network.

This means faster capital flows, greater transparency, and, of course, new ways of competing.

But frankly, those companies that go the distance don't just stop at the "test the waters" stage; they incorporate on-chain payments into their long-term system upgrade plans from the outset.

Payments, finance, and operations are no longer operating in isolation. Only when these systems truly coordinate and function can the value of on-chain payments be fully realized.

In the coming years, as the technology matures and regulations become clearer, on-chain payments will likely transition from a "new option" to a "default choice" for businesses.

Honestly, that day may not be far off.