IBM creates blockchain based payment network named World Wire
- IT company IBM has developed a blockchain based global payment network named World Wire that transmits monetary value in the form of digital assets known as cryptocurrencies or “stable coins.”
- The World Wire payment network of IBM uses the Stellar protocol that reduces intermediaries and allows users to accelerate settlement time.
- The network has been made live in World Wire has already enabled payment locations in 72 countries, with 47 currencies and 44 banking endpoints.
Points to remember:
- Name the payment network developed by IBM?- World Wire
- Which company has developed the World Wire payment network?- IBM