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IBM Launches Blockchain World Wire

Mar 18, 2019 (MarketLine via COMTEX) —

IBM has launched a global blockchain payments network that allows financial institutions to use a range of pegged cryptocurrencies as a bridge asset between any two fiat currencies, like the dollar and euro, for near real-time settlement.

Big Blue said the “Blockchain World Wire” is the first blockchain network of its kind to integrate payment messaging, clearing and settlement on a single unified network. The company described it as a new “financial rail”. It already has payment locations in 72 countries, with 47 currencies and 44 banking endpoints, IB…
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