Cryptocurrencies now threaten to replace classic bank systems for cross-border money transfer. Driven by decentralized blockchain technology, digital currencies promise faster, cheaper, and more secure cross-border payments. The promise is tangible: removing middlemen, lowering fees, and enabling almost instantaneous settlements across physical borders. Business and individual communities are getting more and more interested in utilizing crypto for cross-border payments. However, in spite of this potential, cryptocurrencies' adoption for cross-border payments is yet to be heavily implemented, mainly based on huge technical hurdles. Knowledge about the same is required by anyone who wants to reap the highest possible advantages from digital currency in global finance.