IBM creates Blockchain-based global payment network

Information Technology (IT) major IBM has created a Blockchain-based global payment network that transmits monetary value in the form of digital assets, commonly known as cryptocurrencies or “stable coins.”

The payment network called World Wire uses the Stellar protocol that reduces intermediaries and allows users to accelerate settlement time.

World Wire has already enabled payment locations in 72 countries, with 47 currencies and 44 banking endpoints, IBM said in a statement this week.

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