ChainCatcher news, the Web3 industry research and analysis platform Web3Caff Research recently released an in-depth report on the Web3 payment track. Web3Caff Research researcher Rosa pointed out in the report that Web3 has been closely linked to payment systems since its inception. Bitcoin opened a historic chapter in global cryptocurrency payments. Cryptocurrencies inherently possess on-chain native payment advantages, and in recent years, the development of new currencies such as stablecoins has had a significant impact on traditional payment systems and cross-border payments. The distributed ledger and programmability of Web3 technology provide value advantages such as instant settlement, cost efficiency, and transparency in the payment field, gradually changing the traditional financial payment landscape. However, the technical characteristics of Web3 payments pose significant risks to the real-world monetary system and payment systems.The report further points out that there is an intersection between digital payments and Web3 payments, but there are also significant differences. Digital payments are conducted electronically, relying on traditional financial systems and controlled and regulated by centralized institutions; their advantages lie in convenience, speed, and security. Web3 payments, on the other hand, are a payment method based on blockchain technology and decentralized networks. They use cryptocurrencies like Bitcoin as payment means and execute payment conditions automatically through smart contracts, achieving decentralized peer-to-peer transactions. The main characteristics of Web3 payments are: decentralization, permissionless, native payment functionality, and trustless mechanisms. Currently, an increasing number of industry giants such as PayPal, Stripe, and Mastercard are laying out Web3 payment strategies, launching products like stablecoins and peer-to-peer transaction infrastructure, indicating that Web3 payments are gradually moving towards the mainstream market and gaining acceptance among the general public. Moreover, on one hand, more and more countries are beginning to regulate and legalize cryptocurrency payments, while on the other hand, the Bank for International Settlements is assisting central banks in exploring the feasibility of programmable money and programmable asset DvP settlements, as well as the application of CBDCs in cross-border payments through sandbox experiments. It is believed that this will drive the global payment system and financial system towards a more transparent, efficient, and digital direction.