IBM is planning to help banks get into DEFI with blockchain. Its kind of strange because IBM mainly deals in private blockchains which are not decentralized. It probably has to do with integration via hyperledger fabric.
Tag: ibm
Cardano(ADA) Partnership with IBM?
Cardano(ADA) has worked with IBM before, it was revealed today. Cardano has worked with IBM’s research Division on a collaboration decentralized software project for the European Union.
Stellar Lumens(XLM) launches with IBM “World Wire” universal payments system
IBM finally has officially announced its “World Wire” universal payments system on the XLM blockchain. Over 90% of the world’s largest banks use IBM services so IBM will be pushing this new payment system and technology hard to its customers, giving XLM a huge gateway into the banking world. This gives XLM an advantage over XRP as they now have a giant global company in IBM backing their network and cryptocurrency. This gives XLM a large use case and huge potential for further growth as many banks will probably adopt the XLM blockchain and could potentially be a problem for XRP if XLM becomes the standard via IBM in financial transactions.
Stellar Lumens(XLM) future looks bright, may pass $1 sooner than we think
Stellar Lumens has recently achieved 1 million active accounts and has lots of interesting and potentially huge projects that can skyrocket its price in the works. With these projects in the wings, the price of this cryptocurrency may reach $1 and the top 3 or 4 in marketcap sooner than we think.
The IBM payment solution is the biggest and most important of these projects. If this goes well and they have IBM on their side, then other businesses and banks will be much more likely to work with Stellar because when they bring IBM to the table, they are ensuring a large number of transactions outside of the speculative arena. They are also working with IBM on a carbon emissions project as well as a decentralized exchange using XML as the base currency. They also have projects targeted at helping the developing world as well as retail, agriculture, and real estate. The thing is that not all of these projects have to succeed for the price of XLM to go way up. If even one of them succeeds, then it will be huge for Stellar Lumens. This coins looks like it has a bright future.
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