This week IBM officially ended the beta testing period of the project the payment network based on the Stellar Ledger called the Blockchain World Wire (BWW).
BWW uses a digital currency based on blockchain Stellar for making international payments between banks “near real time”. The project was in development since October last year.
Using digital assets as a store of value, and to transmit the related instructions.
This means that now the funds can be transferred within seconds and with minimal costs.
Previously IBM’s collaboration with the Stronghold, created stablon on the basis of Stellar.
New IBM project is actually a direct competitor to Ripple, which, despite all the positive news, is now experiencing not the best times.