Tag: stellar
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Western Union Will Use Stellar (XLM) To Allow Transfer Of Funds To Mobile Wallets
Not too long ago, we were reporting that Western Union continues to test Ripple’s solutions for a potential partnership. During the World Economic Forum in Davos, Western Union’s CEO Hikmet Ersek provided the latest update regarding a partnership with Ripple. According to him, the company is not done yet exploring whether Ripple’s solutions can enhance the…
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Stellar (XLM) Surges After Becoming A Direct Rival To SWIFT
Stellar’s native coin XLM has recently surged by 11% in a few hours following IBM’s move of signing up to 6 banks to use the digital asset for cross-border remittance payments. Following the great news of IBM’s banking partnerships to use XLM and issue stablecoins, the XLM crypto saw a surge a couple of days…
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Stellar Challenges The Traditional Payments System SWIFT
Stellar was recently in the spotlight after XLM got listed on Coinbase Pro. IBM’s Stellar-powered global remittance platform boasts six banks on board. The tech giant has just received that World Wire will be powering payments and foreign exchange service across 72 countries. “World Wire provides a more straight-through model for cross border payments using…
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IBM And Stellar Partnership Aims To Revolutionize Cross-Border Banking
IBM’s head of blockchain solutions Jesse Lund has just confirmed that they are preparing for a massive announcement about the World Wire platform which uses the Stellar decentralized protocol to power cross-border payments. Stablecoins’ utility Lund told Cheddar that banks are interested in using stablecoins to move money across the globe. In comparison with traditional…
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Ripple Vs. Stellar – IBM Chooses Stellar’s Network For Its World Wire Service
Global banking is quite a natural fit for the blockchain unlike a lot of industries which are still trying to figure out in which ways they could use crypto and the blockchain tech best to enhance their services and offerings. Bitcoin, unfortunately, involves slow transaction speed and there’s definitely a need for a more efficient…
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IBM Reveals Crypto Payment System For Banks – The $2 Trillion Industry Is Using Stellar Protocol
IBM introduced the Blockchain World Wire (BWW) which is a cross-border payment system that’s designed to eliminate banking intermediaries, cut expenses and lower transaction times for traditional international payments. IBM’s announcement about World Wire says that the new financial rail is able to clear and settle cross-border payments almost in real-time. World Wire is using…
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Stellar Lumens (XLM) Celebrates 1 Million Accounts Registered On Their Ledger
Stellar is celebrating an extraordinary achievement these days. Stellar has recently set a new milestone and recorder no less than 1 million accounts on their ledger. Stellar’s market cap is more than $4 billion. Despite the bearish trend that lingered over the crypto market this year, Stellar enjoyed a massive addition to its value, and…
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Latest Crypto Developments & News: Bitcoin, Ethereum, Stellar, Monero, And PIVX
The SEC made crypto enthusiasts hopeful once again after revealing that they are reconsidering the Bitcoin ETF latest denials, Bitcoin price surged after the announcement, so as you can see things are going pretty well in the crypto space for the moment. Yesterday's staff orders disapproving SRO rules related to a number of bitcoin ETFs…
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IBM’s Stable Coin Boosts Bitcoin And Stellar’s Prices – Benefits Of Asset-Backed Tokens
IBM managed to boost Bitcoin and Stellar’s prices just recently and here’s what happened. Big Blue announced a few days ago a partnership with Stronghold which is the first digital currency backed by US dollars and traded on the Stellar Blockchain Network. It seems that this is a brand new way for IBM to make…
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Stellar (XLM) vs. Cardano (ADA): Adoption, Versatility, Performance, and Development
Both Stellar and Cardano inspiring projects, but it’s interesting to see which one is better. Stellar ranks 8th regarding market cap and Cardano, 7th. Adoption The rate at which Stellar gets adopted and accepted on a global level is higher than the one of Cardano. Even if IOHK and Emurgo have managed to secure some…