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IBM to launch blockchain-based payment solution

October 16, 2017 | Article from FX Week By Alessandro Aimone

Image source: FX Week

Initially available in the Pacific region for KlickEx clients, IBM plans to expands the network across the globe in 2018

IBM has announced the launch of a regional cross-border payment network utilising blockchain technology to improve efficiency and reduce costs associated with global payments for business. 

“With this initiative we are pushing the evolution of blockchain” - Jesse Lund

The solution, which will be based on IBM blockchain technology, is the result of a collaborative work between the US technology giant, KlickEx Group, a regional money transfer operator, and Stellar, a non-profit organisation that supports an open source blockchain technology network.

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