Latest Research


This content is currently locked.

Your current Info-Tech Research Group subscription does not include access to this content. Contact your account representative to gain access to Premium SoftwareReviews.

Contact Your Representative
Or Call Us:
1-888-670-8889 (US/CAN) or
+1-519-432-3550 (International)

Comprehensive software reviews to make better IT decisions

Why IBM Built World Wire

In March 2019, IBM announced the launch on World Wire, a real-time global payment system built on the Stellar Network.

This is big news. World Wire links the regulated financial institutions to the speed and versatility of Stellar. World Wire aims to replace the legacy correspondent banking system with point-to-point transactions. Right after launch, World Wire will support 47 currencies and 72 countries. World Wire will look to add more countries and currencies in the future.

Jesse Lund, Vice President of IBM states that the vision of World Wire is to make it easier for individuals to deliver cross-border payments to each other and for all players in the process to have transparency into that process.

Our Take

The fact that a global organization like IBM has chosen to build its global payment system on Stellar speaks to the trust that IBM has in Stellar’s protocol and its future viability. This is a strong boost for the visibility of the Stellar platform and a first major use case of an organization building their own solution on top of the Stellar protocol.


Want to Know More?

Why IBM Built World Wire On Stellar

Visit our IT Cost Optimization Center
Over 100 analysts waiting to take your call right now: 1-519-432-3550 x2019