“We’ve created a new type of payment network designed to accelerate remittances and transform cross-border payments to facilitate the movement of money in countries that need it most, ” said Marie Wieck, General Manager, IBM Blockchain. “By creating a network where financial institutions support multiple digital assets, we expect to spur innovation and improve financial inclusion worldwide.”
IBM’s announcement added momentum to Bitcoin and cryptocurrency rally, which began last week. XLM gained 10% over the last seven days —see tables 1 and 2.
This isn’t the first-time Bitcoin, Stellar, and other cryptocurrencies get a boost from IBM. Back in July, Big Blue announced a partnership with Stronghold a digital currency backed by US dollars traded on the Stellar Blockchain Network.
Read More.. Source Forbes