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The Stellar-based cross-border payment system is preparing to further develop with IBM to cover a large part of the planet.
There are major projects being finalized by IBM for its Stellar Powered payment system, Blockchain World Wire. Launched in September, Jesse Lund, Blockchain Solutions Manager at IBM, recently spoke in a meeting on YouTube where he said that "Many announcements are coming", but it has already revealed some important details that could boost the price of XLM. "
Blockchain World Wire is only another example of a powerful player in the area of cross-border payments and aims to eliminate unnecessary banking intermediaries.
The crypto project Stellar poses as a very realistic settlement tool in the cross-border payments ecosystem. The blockchain solutions manager at IBM said Blockchain World Wire would immediately support 50 countries and "drive" nearly 40 banks.
The end goal of the project is to cover most of the planet, so that after three years, IBM's Stellar engine product can be used to send fast, cheap transactions to "anywhere in the world." world".
What about XRP?
So, will Blockchain World Wire use XRP? Until now, the payment system based on Stellar is well in the shadow of Ripple. RippleNet has been able to connect to more than 200 banks and financial organizations, but unlike Ripple, IBM will not pose a digital badet problem. Thanks to Blockchain World Wire, they want to use a set of crypto-currencies for payments on a global scale. In addition to Stellar, Bitcoin and XRP both have the potential to be used and even stablecoins.
In the end, Blockchain World Wire will be supported in more than 40 countries of the world in the future.
In terms of price, the Stellar native token, XLM, performs well in the markets. This coin is the ninth largest cryptocurrency on the market and has recently experienced an 8.47% increase over the past 24 hours, leaving a price of $ 0.087 and a market capitalization of $ 1,671,162,189 at the time of the article writing.
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