IBM speeds up international payments with new blockchain-based service

IBM has looked to take the pain out of transferring currency across territories with the creation of a new cross-border blockchain payment solution. Built in partnership with KlickEx Group and Stellar.org, the solution should improve efficiency and reduce the cost of global payments for both consumers and businesses. The solution is based on IBM’s blockchain technology, allowing clearing and trade settlements on a single network and in real-time. International payments, however, have long been a problem, as they’re expensive, fallible and time-consuming. When it comes to transactions in multiple currencies, sometimes it can take weeks before they are fully processed. IBM says… [Continue Reading]