Blockchain in Cross-Border Payments and Other Things IBM is Looking at in 2018

EXCLUSIVE – Blockchain in cross-border payments will be big in 2018. At least that's what IBM's Rajesh Venkatraman, director of worldwide payments solutions sales at IBM, thinks. "Blockchain technology has many applications, but I believe cross-border payments is especially going to see tremendous traction," he told Bank Innovation. Perhaps that's also because IBM has started numerous pilots in this area. Earlier this fall, it announced a collaboration with startup Stellar, which uses blockchain technology to connect fiat currencies to enable instant international transfers.