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IBM launches Blockchain-network World Wire in 72 countries

the The American Tech company IBM has launched its Blockchain-network World Wire. The group wants to spread its payment network in the world and relies on the

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IBM launches Blockchain-network World Wire in 72 countries
the The American Tech company IBM has launched its Blockchain-network World Wire. The group wants to spread its payment network in the world and relies on the support of some international banks. IBM is already working for 2016, his Blockchain network.

Sebastian wood
20. March 2019BTC$4.015,28 0.58%Facebook Twitter LinkedIn xing mail

The American company IBM has today, on 20. March, announced that it will launch the in-house Blockchain-network World Wire. In the case of IBM World Wire is a global real-time payment network for financial institutions. World Wire connects to its own information, approximately 72 countries in 47 currencies and 44 of the Bank endpoints. Overall, the Blockchain allows for the Act of approximately 1.081 currency pairs. According to IBM, the World Wire was developed in order to optimise foreign exchange, cross border payments and money transfers to and accelerate. The company claims that it is the first Blockchain network of its kind. Is unique according to the company, that payment messages, Clearing and Settlement are integrated into a single network, and the participants in the dynamic selection from a variety of digital Assets.

What is the Vision of World Wire?

Marie Wieck, General Manager of IBM's Blockchain, in a press release, make sure the group has created World-Wire is a new and innovative payment network. Wieck stressed that World Wire is able to speed up Transfers and cross-border payments in countries be facilitated, and usually have not a good financial infrastructure. The Manager also pointed out that through the creation of a network of multiple digital Assets. In addition, the company expects that World Wire will serve to promote innovation and financial inclusion.

World Wire should also provide a model for cross-border payments, using the Stellar Protocol. With Stellar money to be made transfers, instead of the complexity of traditional transactions from point-to-point. The application of the Stellar Protocol is reduced according to IBM, the number of Intermediaries and allows the users to process transactions in seconds. As the company announced that the network supports the payroll with Stellar Lumen. In addition, World Wire supports a Stable Coin in US dollars, which was designed in collaboration with Partner Stronghold.

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