IBM World Wire a cost effective Alternative to xRapid of Ripple

               

There are lots of transaction process to send money across border and time consuming. Blockchain is our future technology to solve our most complicated issues,  one of them is real time cross border financial settlement.  As we knows that IBM tied up with Stellar Network last year for hassle free and cost effective cross border payment.

IBM has developed World Wire cross border payment settlement system, this system is based on Stellar Blockchain network. Ripple is a tough competitor of Stellar Lumens but one thing which is not good in Ripple XRP is ‘’ it is a centralize Blockchain which is not good for healthy and growing blockchain’’.  

             

 IBM blockchain ‘’ World Wire’’ is based on stellar protocol. Stellar Lumens complete a transaction in 4 to 5 seconds, which is as fast as Ripple XRP. To use IBM World Wire two financial institution preferably Banks agree to use a stable crypto coin , it may be banks own digital currency or a digital assets.For transaction financial institution have to integrate their existing payment system to IBM World Wire API, which will convert fiat currency into stable crypto currency (XLM) and vice versa.  

                                                         

  If we see growth of Stellar Lumens, it seems that Stellar targeting poor countries and small financial institution , on the other hand Ripple network targeting big financial institution like American Express. IBM decision to choose Stellar network over Ripple XRP is right decision, because circulation supply of Ripple XRP is more then Stellar XLM. Stellar release only one percent of their total circulation supply every year. Ripple XRP is centralize blockchain which Ripple can manipulate XRP price of circulation supply for their own interest and benefit.  

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