IBM tests cross-border cryptocurrency transactions

IBM has been spotted making deals on blockchain project multiple times, and those projects are mostly focused on supply chains. The most recent one, however, included cryptocurrency – Stellar Lumens, and fiat money – British pound and Fiji dollar. The blockchain of this cryptocurrency has served here as a basis for fiat currency exchange.

Amidst these news, the price of this altcoin has jumped to previously unimaginable heights, as demonstrated on Coinmarketcap:

IBM entering digital currency market is good news for cryptocurrency enthusiasts and supporters. With more powerful market figures investing in blockchain startups, less skeptics will appear.

Another interesting news about cross-border cryptocurrency payments: the current head of the International Monetary Fund tells that although frauds exist on the digital market, it doesn’t mean financial institutions don’t have to adapt to this new way of payments. As IMF is responsible for international finance relations, it is, in a way, more influential than any Bitcoin skeptic we have seen so far.