IBM signs 6 banking clients for its blockchain-based payments network; announces stablecoin partnership

IBM announced today that its global payment network, IBM Blockchain World Wire, has "enabled payment locations in 72 countries, with 47 currencies and 44 banking endpoints" and that it has signed letters of intent with six global banks including Banco Bradesco, Bank Busan, and Rizal Commercial Banking Corporation to issue their own stablecoins on IBM Blockchain World Wire. 

Launched in September 2018, IBM Blockchain World Wire is a payment network built on the Stellar blockchain. Its goal is to clear and settle cross-border payments in real-time.

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