in

IBM Hints at Stablecoin Cross-Border Payments Solution for Financial Institutions


IBM’s Jesse Lund, has hinted that bank-targeted stablecoins will be a major forthcoming development for IBM’s blockchain-powered cross-border payments solution.

The head of blockchain solutions for IBM, Jesse Lund, has hinted that bank-targeted stablecoins will be a major forthcoming development for the tech giant’s blockchain-powered cross-border payments solution. Lund made his remarks during an interview on financial news channel Cheddar on March 15.

While more details are set to be imminently announced next week, Lund told Cheddar that “market demand” is driving IBM to develop a stablecoin solution for financial institutions.

“More than a few banks around the world […] see tremendous business benefit to issue stablecoins in their native fiat currency,” he said.

When asked how IBM’s solution compares to JPMorgan Chase’s forthcoming in-house, USD-backed “JPM Coin” stablecoin, Lund hinted that…



Read Full Story : Cointelegraph.com News

2019-03-15 11:20:00

What do you think?

0 points
Upvote Downvote

Written by Cointelegraph

Crypto Exchange Bittrex Cancels Its First ‘Initial Exchange Offering’

Stellar Hire Former Mozilla Executive As CEO