Stellar Lumens (XLM) Technical Analysis: IBM to Demo Blockchain World Wire at Sibo Conference Soon, Golden Crossover Likely
Cryptovest
Published Oct 18, 2018 11:00AM ET
Updated Oct 18, 2018 12:21PM ET
Stellar Lumens (XLM) Technical Analysis: IBM to Demo Blockchain World Wire at Sibo Conference Soon, Golden Crossover Likely
Stellar Lumens (XLM) reigns supreme over the top-10 cryptocurrencies today, with a 2.70% gain against BTC while many others struggle to break into the green. In six days’ time, IBM (NYSE:IBM) is scheduled to demo their latest cross-border payments system, ‘Blockchain World Wire (BWW), at the Sibos conference in Sydney. The BWW system, which debuted last month, is powered by Steller's blockchain technology and is a direct rival to Ripple’s xRapid system. A major difference between the two competitors is that IBM’s BWW will be able to facilitate cross-border payments using any cryptocurrency as the medium of exchange, whereas xRapid is only operable with Ripple’s own XRP virtual currency.
This hugely promising development is another monumental milestone for both the Stellar network and overall mainstream blockchain adoption, as IBM reports it currently ‘runs over 60% of the world's transactional systems’, has a clientele consisting of 97% of the world’s largest banks and its own mainframes process over 90% of all global credit card transactions.
This article appeared first on Cryptovest
Get The News You Want
Written By: Cryptovest
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.