Bitcoin’s role in international payments has evolved significantly. Its decentralized nature enables fast, low-cost cross-border transactions, bypassing traditional banking systems. Recent developments include increased adoption by multinational corporations, with 18% using Bitcoin for cross-border payments by June 2024, up from 7% the prior year. Innovations like the Lightning Network and smart contracts enhance transaction speed and automate trade agreements, reducing costs and risks. The BRICS alliance proposed Bitcoin for international payments in 2024 to promote de-dollarization. However, challenges like price volatility, high transaction fees (median $20 in 2021), and regulatory scrutiny persist. Stablecoins are gaining traction for their stability, potentially outpacing Bitcoin in payment use. Despite this, Bitcoin’s integration into global trade and remittances continues to grow, driven by its borderless, secure framework.