Stellar is part of the IBM Blockchain platform strategy
Stellar is part of the IBM Blockchain platform strategy
As announced in October last year, the Stellar-IBM partnership was meant to be used to improvise IBM’s cross-border payments. They wanted to make international payments easier and faster with the help of the crypto world and Stellar technology was chosen. Apart from IBM, many large banks and financial institutions have followed the same track and tied up with crypto networks lately.
Stellar Lumens (XLM), is currently priced at $0.23 after losing 0.59% since the past 24 hours. The current market cap is worth 4.9 billion while retaining its 8th position in the market.
As a summary of the endless highlights and unanswered questions, the key points are:
Stellar is already live on IBM for cheaper and quicker payments across the borders.
The chances of Stellar Network being the first to see central bank issued digital tokens is very likely.
Stellar Lumens are intended to be the primary bridge asset in IBM’s universal payments solution.
IBM has no immediate plans of giving out its own tokens, instead will be pushing XLM as the coin to its clients.
IBM is building its own solutions as an extra layer above Stellar system while Stellar is an integral part of IBM’s strategy for the future.
IBM aims to use Stellar in direct competition with Ripple to take over the cross-border transactions. They already have a long list of clients ready to go live with Stellar Lumens international transactions in Q2 2018.
Stellar is part of the IBM Blockchain platform strategy
Reviewed by mir khaleq ali
on
18:07
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Reviewed by mir khaleq ali
on
18:07
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