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1 Article
Source: Common Domain

IBM ramps up cryto-related cross-border payments offering

Today 04:14 GMT

“We’ve created a new type of payment network designed to accelerate remittances and transform cross-border payments to facilitate the movement of money in countries that need it most,” said Marie Wieck, general manager, IBM Blockchain, in a news release.

IBM, -0.34%   said on Monday its Blockchain World Wire initiative, a global payments network for regulated financial institutions, has entered production and will support instantaneous foreign exchange payment and settlement in more than 70 countries, supporting close to 50 currencies.

1 Article
Source: Common Domain

MercadoLibre Stock Has Gained Enough for 1 Analyst to Downgrade It

Saturday 11:45 GMT

MercadoLibre stock jumped this week after the company announced that it had raised $1.85 billion in equity, including a surprise $750 million investment from online payments giant PayPal.

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