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World Wire is a global real-time payment network that allows regulated financial institutions and banks around the world to make money transfers seamlessly and efficiently.
According to DNA, a media, a partnership between World Wire and MatchMove was finalized on March 19, 2019. This partnership will allow MatchMove to access a single unified network for cross-border and foreign currency payments. [clearing and settlement] built on blockchain technology and Stellar public protocol.
MatchMove will allow users to transfer funds from one country to another using not only Stellar Lumens. [XLM], the native cryptocurrency of the Stellar blockchain, but also uses other currencies, including digital and digital badets, such as stablecoins.
MatchMove CEO and founder Shailesh Naik said:
"When real-time cross-border payments start on the IBM Blockchain World Wire network, it will further enhance our B2B Send solution … That's how we use technology to solve real-world problems day by day by making core banking services accessible and accessible." simple for everyone. "
He further added that the partnership would allow their clients to be part of a global audience and send funds securely, cheaply and with the security of the underlying blockchain.
Jesse Lund, IBM manager of Blockchain Solutions, said:
"By using World Wire, participants like MatchMove can discover each other's capabilities, negotiate exchange rates and transfer value in real time. This reduces the need for intermediaries and long durations for clearing and settlements – which can ultimately put money in the hands of consumers more quickly and cheaply. "
World Wire is open to potential customers worldwide, offering support in 72 countries, 47 different currencies and 44 bank endpoints. This is a direct competition to other cross-border blockchain-based payment solutions developed by companies such as Ripple or R3.
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