IBM World Wire makes it cheap and easy for financial institutions to send any currency anywhere in the world using Stellar.
Financial institutions integrate their existing systems with the World Wire API, send a payment through a Stellar-based bridge asset, and settle on the Stellar network.
Every day, financial institutions move trillions of dollars from country to country and currency to currency using a payment system designed over 50 years ago. It’s slow, expensive, and unnecessarily complicated.
IBM World Wire connects financial institutions to Stellar to allow simultaneous clearing and settlement of cross-border payments. It’s fast, safe, and cheap, and it’s available 24/7.
Regulated financial institutions apply to join World Wire and are vetted by IBM. Approved subscribers connect their existing front-end interfaces to World Wire APIs and nine strategically-placed Stellar validator nodes. IBM also curates a list of Stellar-network assets, which includes both XLM and third-party-issued stablecoins, that World Wire participants can use as a bridge currency for transactions.
Learn why Stellar is a uniquely powerful blockchain.