Bitcoin And Stellar Get Another Boost From IBM [Forbes]
International Business Machines Corporation (IBM)
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Source: Forbes
Bitcoin And Stellar Get Another Boost From IBM Getty IBM fueled a Bitcoin and Stellar rally recently. On Monday, Big Blue announced that its Blockchain World Wire, a real-time global payments network for regulated financial institutions on the Stellar network, has expanded in more than 50 countries. IBM’s Blockchain World Wire global payment network has a couple of advantages over conventional global network payment systems. One of them is that it can clear and settle global payments in real-time on the same network using stable coins and cryptocurrency, in addition to fiat currency. Then, there’s the elimination of many layers of intermediaries that are error prone, costly and often times take several days to settle. And there’s limited transparency. That’s especially important in emerging and frontier economies, where financial systems aren’t well developed; and a large mass of people have no access to financial institutions. "We've created a new type of payment network designed to
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