Stellar Lumens XLM IBM world

Why IBM Built World Wire on Stellar Lumens (XLM) and Why Should Others Too and About Albedo

August 4, 2020 Off By Steven Anderson

Looking back in to the IBM World Wire pilot project it gets lot easy to understand why the Stellar Network is important and the kind of difference they can help make in the financial infrastructure of any business ecosystem.

The case studies page on IBM World Wire reads:  “IBM’s World Wire pilot project examined ways to make it cheap and easy for financial institutions to send any currency anywhere in the world using Stellar.”

It all started when the Stellar Network realized that, “it is unacceptable that there is 2 billion people in the world who don’t have access to financial services.”

The IBM Blockchain for financial services means more trust for everyone.  Making transparency, simplicity and efficiency possible to every financial transaction in a way to transform trade and finance matters. Thus, making ROI feasible and better using the blockchain potential.

Even in the current economic and geopolitical situation, it is possible to achieve ROI in the global market place by strategically making use of the services facilitated in the Stellar Network.

It is very easy to integrate new technologies for the growth of unique business purposes in the Stellar Network whether for mid-sized or early-stage companies.

Sydney Ifergan, the crypto expert tweeted:  “It is very evident that cross-border payments are not any longer time-consumer with Stellar Lumens Network and the XRP. Speaks for Self.”

Financial institutions are happy about moving trillions of dollars from one country to another country and from one currency to another currency with ease, than ever before with Stellar Lumens. More of them are beginning to embrace the Stellar Technology.

Stellar Lumens (XLM) and Albedo

The intro post talks about how Albedo can be used in a secure and reliable way to use the Stellar Network without having to trust anyone with a secret key.

Orbit Lens recently tweeted:  “Excited to introduce Albedo – a security-centric, developer-friendly, and easy-to-use delegated signer for #Stellar Network. Secure keystore + apps bridge + browser extension = Albedo, a single access point to #Stellar apps universe.”

For clarity, Albedo is not a wallet, it is designed to work as a keystore web app and browser extension available for Firefox and Chrome.  It works like a bridge for other applications which permits them to sign a transaction or verify the identity on behalf of the user in a way making it possible to make use of the same account on a wide range of Stellar Applications.

If you like the article, feel free to send a tip to our writer in XLM token to: GDHL33R5KBQGKYHODR5OCJABPWFKIQESJN4AWIUEPYSKY57QPX6FTAY or any other Cryptos via this link.

The TCAT team.