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Stellar
IBM's global Stellar-powered remittance platform now has six banks. Today, the technology giant has announced that World Wire will feed payments and foreign exchange services in 72 countries.
"World Wire provides a more direct model for cross-border payments using the Stellar protocol that makes point-to-point money transfers instead of the complexities of the conventional correspondent bank.
It reduces intermediaries and allows users to speed up the settlement time often in seconds by pbading a monetary value in the form of digital badets, commonly known as cryptocurrencies or "stable currencies". This streamlined approach improves operational efficiency and liquidity management, streamlines payment reconciliation and reduces the volume of transaction costs for financial institutions. "
The IBM platform is a direct competitor of the global payment standard Swift, which has more than 11,000 banks and financial institutions. At present, World Wire's clients include Banco Bradesco, Bank Busan and Rizal Commercial Banking Corporation (RCBC). Three other banks also signed letters of intent to issue their own transaction documents on IBM's World Wire, pending regulatory review. The network will use the euro, the Indonesian rupiah, the Philippine peso, the Korean won and Brazilian real stablecoins.
XRP
Wietse Wind, director of XRPL Labs, who is supporting Ripple, is supporting a project to pay XRP payments to Microsoft Outlook.
SchlaubiD, an independent developer, integrates the XRP Tip Bot API into the traditional messaging application as an add-on. This allows users to send XRP to their recipients via email, even if the recipient does not have an XRP address. The add-on is currently operational on Outlook 2016, with Office 365 support in the works.
SchlaubiD says that he will also explore the possibility of bringing similar functionality to Gmail via an extension.
Crypto Markets
Mike Novogratz, a megabull from Bitcoin, predicts that crypto markets are preparing for a rally.
In response to a survey of the crypto-pulse market of the general manager of Binance, Changpeng Zhao, Novogratz comments on the price trend in the market and says the market is ready for the "next bullish movement".
It looks pretty on the side. But basing. Next move higher.
– Michael Novogratz (@novogratz) March 18, 2019
Fundstrat's founder and director of research, Tom Lee, also reviews the state of the market. Lee told Bloomberg he was waiting for Bitcoin to break the $ 4,000 mark. He added that other conclusions "can not be drawn until Bitcoin has recovered its 200-day moving average, or the $ 5,400 level."
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Disclaimer: Daily Hodl's advice is not investment advice. Investors should exercise due diligence before making high-risk investments in Bitcoin, Cryptocurrency or digital badets. Please note that your transfers and transactions are at your own risk and that any loss you may incur is your responsibility. The Daily Hodl does not recommend buying or selling crypto-currencies or digital badets, and the Daily Hodl is not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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