Former Vice President · IBM Blockchain
World Wire subscribers will transact using bridge assets, many of which will be stablecoins. Stellar makes issuing assets easy, and is the only blockchain built with stablecoins in mind.
World Wire customers will be regulated financial institutions, so they need to comply with KYC and AML requirements. By allowing issuers to control access to the assets they issue, Stellar makes compliance easy.
The Stellar Consensus Protocol prevents forks, keeping all assets on one global ledger and allowing for immediate settlement of payments.
World Wire’s planned coverage of 72 countries and 47 currencies will require a network that can handle high transaction volumes relative to other blockchains.
IBM believes an open-source standard for payments should be stewarded by a nonprofit foundation.