The American Corporation has created a blockchain-based platform for cross-border payments. This will apply to 97% of the largest banks in the world
Financial institutions can now instantly conduct clearing and cross-border payments thanks to a new blockchain-Blockchain World Wire system from IBM. The Corporation launched a platform based on Stellar reports PaymentsJournal.
New technology will be able to use 97% of the largest banks in the world, who are IBM customers. It will support the transaction of digital money by Central banks. In creating the ecosystems involved financial regulators.
The main advantages of this blockchain system — transparency, low cost, high performance and security, IBM said. The company has announced the launch of Blockchain World Wire in October of last year.
Earlier, the head of the blockchain-direction IBM Jess Lund was supported by Stellar. The specialist said that this platform is a decentralized, scalable, high-performance, she is open-source and high flexibility. This was the main factor in choosing a partner of the Corporation.
For the past day token Stellar rose by 2%, now it is the average market rate is $of 0.219. During this time, the price of some other altcoins grew stronger — the cost of EOS has risen by 5%, Monero — 10%.
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