The Impact of IBM’s Blockchain World Wire on Bitcoin and Stellar
The markets have seen a small amount of positivity over the past few weeks, though when we say small, note that we do mean small. As it stands, the markets are still way down from the figures we witnessed this time last year, with no chance of a surge that will pull Bitcoin back to $20,000.00 expected anytime soon either.
Main Breakdowns:
- IBM’s announcement regarding their Blockchain World Wire Global Payment Network has had a positive impact on Bitcoin and Stellar.
- Blockchain World Wire operates on the Stellar network, which has benefited XLM.
- This news should not be taken as investment advice, as it won’t cause the markets to skyrocket.
- Invest in cryptocurrencies based on your own research and only invest what you can afford to lose.
- The expansion of Blockchain World Wire across more than 50 countries is great news for Stellar and bad news for Ripple.
“We’ve created a new type of payment network designed to accelerate remittances and transform cross-border payments to facilitate the movement of money in countries that need it most. By creating a network where financial institutions support multiple digital assets, we expect to spur innovation and improve financial inclusion worldwide.” – Marie Wieck, General Manager at IBM Blockchain
Stellar, once in the shadow of Ripple, is now leading the way in international payments via the blockchain. The competition between the two is heating up, leading to the development of better blockchain technologies. Exciting times for investors!
Hot Take:
IBM’s announcement of Blockchain World Wire has provided a boost to Bitcoin and Stellar. While this is positive news, it won’t lead to a significant market surge. Investors should make their own informed decisions and only invest what they can afford to lose. The rivalry between Stellar and Ripple is intensifying, driving the development of more advanced blockchain technologies.
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