Modern Economics & Management Forum

This study explores in depth the application of blockchain technology in the field of cross-border payments and its important role in preventing fraud. This paper summarizes the basic principle of blockchain technology and its advantages in cross-border payment, and then analyzes the current situation of cross-border payment market and the existing fraud problems. The study found that blockchain technology can effectively reduce the risk of fraud in cross-border payments by improving transaction transparency and traceability. However, the study also points out the limitations of blockchain's application in cross-border payments and suggests directions for future research. Finally, this study puts forward enlightenment and suggestions for the formulation of anti-fraud policies for cross-border payments in China, aiming to promote the further application of blockchain technology in the field of cross-border payments, ensure payment security, and promote the healthy development of the payment market.