If you believe #blockchaintechnology is revolutionary in finance

If you believe #blockchaintechnology is revolutionary in finance services and can overcome with the new possibilities you must read the news below :)
#IBM the giant IT company provide financial services globally based on #MAINFRAME
#IBM, #KlickEx Group and #Stellar (#cryptoCurrency ) unveil cross-border payments solution
16 October, 2017 Written by Antony Peyton
IBM and friends launch cross-border payments solution on blockchain
IBM and friends launch cross-border payments solution on blockchain
IBM, KlickEx Group, a regional financial services company, and Stellar, a non-profit organisation that supports an open source blockchain network, have unveiled a new regional cross-border payments solution using IBM’s blockchain technology to provide clearing and settlement of trades on a single network in real time.
IBM says making international payments in developing countries “can be costly, laborious and error-prone” and transactions in different currencies can require “multiple intermediaries and take days or weeks to complete”.
According to Big Blue, its universal payments solution is intended to simplify the way funds are exchanged around the world, and to “reduce settlement time from days to seconds”.
Jed McCaleb, co-founder of Stellar, says: “For the first time, public blockchain technology is being used in production to facilitate cross-border payments in multiple integrated currency corridors.
“The new implementation is poised to start a profound change in the South Pacific nations, and once fully scaled by IBM and its banking partners, it could potentially change the way money is moved around the world, helping to improve existing international transactions and advancing financial inclusion in developing nations.”
The solution integrates the IBM Blockchain Platform, which runs on #Hyperledger Fabric, with the #Stellar network. The latter is purpose-built for the issuance and exchange of digital assets. KlickEx Group serves as the founding financial institution for the region, servicing banks, retail clients and consumers.
The solution is already in production supporting transactions in 12 currency corridors across the #Pacific Islands and #Australia, #NewZealand and the #UK.
IBM adds that the network is currently in use by Advanced #Pacific_Financial_Infrastructure for Inclusion (APFII) members, a public-private partnership initially funded by the United Nations and Swift. It will process up to 60% of all cross-border payments in the South Pacific’s retail foreign exchange corridors including #Australia, #NewZealand, #Fiji, #Samoa and #Tonga by early next year.
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If you are real CryptoTrader and CRYPTO investor you must understand the this new innovation and collaboration between #IBM #STELLER which is a significant milestone for Stellar as well as the financial technology industry as a whole.
HOLD STR for Great achievement at first quarter of 2018

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