IBM UNVEILS CRYPTO-POWERED PAYMENT SYSTEM FOR BANKS AND $2 TRILLION INDUSTRY USI

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Tech giant IBM has introduced Blockchain World Wire (BWW), a cross-border payment system designed to eliminate banking intermediaries, cut costs and lower transaction times for traditional international payments.

According to IBM’s announcement about World Wire, “the new financial rail” can simultaneously clear and settle cross-border payments in near real-time.

World Wire uses the Stellar protocol and an intermediary cryptocurrency, such as the Stronghold USD stablecoin, to enable financial institutions to clear and settle cross-border payments in seconds.

https://dailyhodl.com/2018/09/04/ibm-unveils-crypto-powered-payment-system-for-banks-and-2-trillion-industry-using-stellar-protocol/