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IBM and Stellar (XLM) Enter Cross-Border Payments

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The battle to reign supreme in the industry of cross-border payments on the blockchain is no longer the sole arena of Ripple. The long-held partnership between IBM and Stellar (XLM) has yielded another development in the form of a ‘near instant’ cross-border payment solution. The two firms have introduced what is known as IBM Blockchain World Wire.

The new service plans to revolutionize cross-border payments by:

“Clearing and settlement [of payments] with finality in near real-time. The solution uses digital assets to settle transactions — serving as an agreed-upon store of value exchanged between parties — as well as integrating payment instruction messages. It all means funds can now be transferred at a fraction of the cost and time of traditional correspondent banking.”

The IBM firm had been known to be running 9 Stellar nodes to settle cross-border transactions prior to the announcement of this new blockchain service. With SWIFT being the only payment solution for the last 50 years, Stellar and IBM enter a domain that needs to be revitalized by new more efficient technologies. The probability of the banking industry adopting blockchain 100% in the next 12 months is very high and both Ripple and Stellar are at the front-line of all the action.

With Bitcoin having set the pace when its ledger was launched in 2009, it exists for such a long time has proven that digital assets can offer tangible improvements to financial services by increasing security as well as making them more efficient.

What does IBM mean for XLM and XRP in the markets?

From a business and investing point of view, XLM suddenly has the upper hand. With XRP having many so-called ‘non-believers’ in the crypto-space, XLM provides an option to invest in a relatively cheap digital asset with the potential of pulling off massive gains in the long run.

XLM is currently valued at $0.20 due to the massive crypto market correction that just happened, and at the moment of writing this. Looking at XRP, it is valued at only 9 cents higher at $0.29. However, XLM has a lower circulating supply at 18.8 Billion whereas XRP has 39.65 Billion. This, in turn, means that with considerable demand once this new cross-border service is live, XLM could continue to gain in the markets.

However, IBM and Stellar have not definitely stated that XLM will be used to source instant liquidity for the cross-border transactions. They simply state that the service will use the Stellar protocol with a Liquidity provider on both ends. A block diagram has been provided below for easier visualization of this concept.

How IBM Blockchain World Wire works. Source, IBM.com

Over 1 Million Active XLM Accounts on Its Ledger

The XLM network recently marked a new milestone of over 1 Million XLM accounts on its ledger. According to the block explorer on the network, the current number of active accounts stands at 1,218,453 further signifying a growing interest to buy, own and use XLM as a preferred digital asset across the globe. A clearer visual representation of the increment in accounts on the network can be found below:

Current active XLM Accounts. Source, stellar.expert/explorer/public/

In conclusion, blockchain technology from both Ripple and Stellar will go on to revolutionize cross-border payments in the next 12 months. This means that we will be more connected globally in not only by using the internet but by near-instant cross-border payments that will make our daily lives more efficient.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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