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Briefing
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- Blockchain World Wire – IBM announced IBM Blockchain World Wire, global payments network for processing foreign exchange, cross-border payments and remittances across banks around world on March 18, 2019
- Stellar Protocol – Uses Stellar, open sourced decentralized protocol for international transactions of digital and fiat currencies
- Features – Integrates payment messaging, clearing, and settlement on single network, while allowing participants to choose from variety of digital assets
- Global Network – Has payment locations in 72 countries, with 47 currencies, and 44 banking endpoints where people can send and receive cash
- International Partners – Include six banks (e.g. Brazil’s Banco Bradesco, South Korea’s Bank Busan and Philippines’ Rizal Commercial Banking Corporation), with IBM to add more financial institutions across world
- Stellar and Stablecoins – Supports Stellar Lumens as well as other stable coins from partnering banks, including those based on Euro, Indonesian Rupiah, Philippine Peso, Korean Won, and Brazilian Real, with more digitial currencies potentially to follow
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