Home Cryptocurrency News IBM Blockchain - Fairx The Upcoming Financial Exchange Platform

at January 01, 2018

IBM Blockchain announced a new blockchain banking solution 'fairX'

Stellar fairX


that will help financial institutions address the processes of universal cross-border payments, designed to reduce the settlement time and lower the cost of completing global payments for businesses and consumers.

This production blockchain network with KlickEx and Stellar is one of many blockchain projects underway by IBM in financial services including foreign exchange payments netting, private equity administration, securities lending and trade finance

Stellar XLM- FairX

What is FairX 


FairX is a new exchange backed by IBM that looks to, makes easier for the common man to buy cryptocurrency. Right now, a lot of the crypto-exchanges are a complete mess – there is really not an easy way for the person to buy coins outside of what's on Coinbase. Some of the biggest exchanges only allow crypto-to-crypto exchanges, which creates a process that can take hours due to network congestion, and adds extra fees and steps.
This is where XLM's distributed exchange comes into play. With XLM, cross-asset payments are very possible, which means that it doesn't matter which currency you buy with, XLM will take care of this in the background.

FairX Supports: 


Cross-asset payments
Suppose you are holding sheep and want to buy something from a store that only accepts wheat. You can create a payment in Stellar that will automatically convert your sheep into wheat. It goes through the sheep/wheat order book and converts your sheep at the best available rate.

Preferred currency
Because cross-asset payments are so simple with Stellar, users can keep their money in whatever asset they prefer to hold. Preferred currency creates a very flexible, open system.

Imagine a world where anytime you travel, you never have to exchange currency except at the point of sale. A world where you can choose to keep all your assets in, for example, Google stock, cashing out small amounts as you need to pay for things. Cross-asset payments make this world possible.

,
Share To:
Bolbhai

Bolbhai

I have been a developer for last five years working experience in different technology, apart from this I loved traveling, blogging and exploring the crypto world.

Cryptocurrency News

Post A Comment:

18 comments:

  1. AnonymousJanuary 2, 2018 at 9:00 AM

    You should probably do your research before posting bogus articles: https://twitter.com/fairxio/status/947356459544616960

    ReplyDelete
  2. MartinaJanuary 18, 2018 at 9:13 AM

    At the end of the day, the bank holds and controls the record, and everything moves through the bank. new ico launch

    ReplyDelete
  3. kevin99February 18, 2018 at 1:43 AM

    So before we get into what a crytpocurrency is and how blockchain innovation may change the world, how about we talk about what blockchain really is. initial coin offering

    ReplyDelete
    Replies
    1. CasanovaFebruary 22, 2018 at 8:18 AM

      I am happy to share my knowledge on Blockchain. Before starting let me tell you why there is such a hype around Blockchain.

      Blockchain powers the popular cryptocurrency Bitcoin. And Bitcoin Mining is the buzz these days.

      Bitcoin is the world’s first digital cryptocurrency. It does not have any central authority exercising control.

      Imagine that everyone in the world one day decide that they will trade with a new currency. They do not want banks and their governments to have any control in this currency. The currency should be truly universal in all sense and making it digital would allow for the fastest transfers possible. Such a system was indeed created in 2009 by an anonymous person(s) called Satoshi Nakamoto.

      This system solved all the issues we have with the current banking system.

      Issues with Banks

      Banks were prone to corruption such as the 2008 Financial crisis involving Lehman Brothers. Banks charge a huge fee on every transaction. The transaction copy is private, i.e., you need to completely trust banks with your hard earned money. Banks have always been prone to hackers and thefts.

      Delete
  4. DavidApril 20, 2018 at 7:33 AM

    At the point when the current financial framework neglects to convey it is showed in such routes as: https://cybermentors.org.uk/

    ReplyDelete
  5. ShawnApril 27, 2018 at 2:54 AM

    Its development has carried with it a more prominent great, for organizations as well as for its recipients too. Btc doubler

    ReplyDelete
  6. Sandeep SharmaApril 28, 2018 at 4:51 AM

    I tried my kind of website for crypto trending but this is i think best in all more info

    ReplyDelete
  7. John smithJuly 9, 2018 at 11:04 AM

    The specialists are attempting to utilize it for in excess of one targets and these days, the most noticeable and conspicuous utilization of the Blockchain innovation is Bitcoin. "binance.com – binance exchange website | what is binance.com?

    ReplyDelete
  8. LydiaJuly 17, 2018 at 3:35 PM

    . While it worked out well for some individuals, it was really based off the "more noteworthy trick hypothesis" - basically expressing that in the event that you figure out how to "offer" the coins, it's to a "more prominent trick" than you. http://icowatchers.co

    ReplyDelete
  9. willaim blogJuly 27, 2018 at 9:28 AM

    I'm thinking about getting some idea fro https://icopulse.com/ico-list/health and I need it asap. It will help me to get some information from people who know about me and I think that nothing can be better than this. There are a lot of people out ehre waiting for me and I need to tell them about IcoPulse.

    ReplyDelete
  10. LydiaSeptember 13, 2018 at 8:20 AM

    Everyone is in a different situation. A shoe can not fit all. Therefore, we will talk about different ways to obtain bitcoins for free. https://www.jetwin.com/en-us/bitcoin-casino here you can get more and more information about bitcoin.

    ReplyDelete
  11. Mir HaadiSeptember 15, 2018 at 4:24 PM

    to know at least about bitcoin since it has the potential to become one of the world's most significant developments https://bitcoinvest.cc

    ReplyDelete
  12. The BloggerFebruary 3, 2019 at 3:03 AM

    yet in the event that you maintain a business and you need to acknowledge bitcoin, all you'll have to do to acknowledge installment is to indicate somebody the QR code, let them snap a photo of it, and they will probably send you some cash.Cashout CVV tutorial

    ReplyDelete
  13. LionelFebruary 24, 2019 at 3:07 AM

    Fundamentally, keeping your bitcoins is as simple as clicking store bitcoins, on the highest point of the commercial center's site. chipmixer

    ReplyDelete
  14. JohnsonsMarch 20, 2019 at 8:19 AM

    Altcoins, then again, can likewise give a reasonable addition as calculations are less difficult. Be that as it may, with Altcoins, effortlessness of mining and the potential increases are not really relative.
    is iqmining legit

    ReplyDelete
  15. SjadenApril 22, 2019 at 5:00 AM

    When we get to that phase of the dialog, I will exhort that you start moving your cash and coins off the trades or enhancing crosswise over trades to guard your cash. https://www.techpally.com/bitcoin-wallet-reviews/

    ReplyDelete
  16. DwayneJune 28, 2019 at 8:15 AM

    The online marketplace might promptly and easily convert your bitcoins to dollars and transmit them to a debit card, bank account, or digital wallet of your determination.https://cryptalker.com/mining-software/

    ReplyDelete
  17. thomasJuly 9, 2019 at 10:55 AM

    After you introduce the wallet, it will take as much as multi day for the wallet to match up with the system. This is typical does not hurt your PC, and makes the framework all in all increasingly secure, so it's a smart thought. the bitcoin code

    ReplyDelete

Subscribe to: Post Comments (Atom)