IBM has launched Blockchain World Wire, a cross-border payment solution built on Stellar that reduces costs and speeds up international transactions by converting currencies to digital assets through the World Wire API.
IBM has introduced Blockchain World Wire, a cross-border payment system leveraging the Stellar protocol to streamline international payments. The platform integrates with existing financial institution systems via the World Wire API, enabling low-cost foreign exchange transactions. Money is converted to digital assets in the source currency, then to the target currency, before settlement to the receiving bank. This approach reduces costs, accelerates payment speed, and improves efficiency for participating institutions.