Russia's biggest bank using IBM Blockchain on Hyperledger Fabric...AKA STELLAR!!!
https://www.cryptocoinsnews.com/russias-biggest-bank-pilots-money-transfer-ibm-blockchain/
“The blockchain solution created by Sberbank has allowed us to make the first pilot payment transaction – using IBM Blockchain technology – in the history of the Russian banking industry,” Sberbank’s managing director Stella Kudachkina said.
The Sberbank executive added:
"The advantage of using this technology when performing settlements is the high speed at which transfers are made: after the money is sent the transaction is recorded on the receiver’s account almost instantly, in real time, unlike the traditional system that is used to make transfers."
Sberbank also listed a number of participating partners involved in the pilot payment transaction, hinting at a future of blockchain payments for retail banking customers. They include MegaFon, Russia’s second-largest mobile phone operator; MegaLabs, a Moscow-based IT solutions provider; Alfa-Bank, a major Russian private bank and; technology giant IBM.
but ... IBM Hyperledger Fabric does not necessarily imply the use of Stellar.
The bank has no sense in relating itself to the crypto currency, so they will only talk about IBM. In addition, in Russia they prohibit the use of the crypto currency.
But IBM is building a technology for international transfers using Stellar.
Stellar should be one of the blind investments in my opinion. When a company like IBM is supporting and working with you, then you must have some quality product.
Agreed. Stellar also announced an ATM at the Fintech Festival. I believe 2018 will be a very good year for Stellar as I have posted in the past.
That's great if IBM is using Stellar Lumens for this. It is my newly favorite coin that is still low priced. Well not compared to last month though :)