Blockchain for Banking News

Jesse Lund lifts lid on IBM’s blockchain cross border payment network

payments foreign exchange fx
At last week’s IBM Think conference in San Francisco, Jesse Lund, IBM’s Head of Blockchain Solutions, Financial Services, gave an interview to Finder.com. During the discussion he provided details about the functionality of the IBM World Wire cross border payments network. Although IBM uses Hyperledger Fabric for many enterprise blockchain applications, it adopted the Stellar protocol for World Wire because it’s uniquely suited to payments. Lumens is Stellar’s digital currency. Below are some excerpts from the interview.

Article continues …

subscriber padlock

Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.


Image Copyright: kentoh / BigStock Photo