IBM uses cryptocoins in cross-border payments

IBM announced the creation of a blockchain-based solution for cross-border payments in partnership with Stellar and KlickEx
16 October 2017   1445

The solution already performs direct transactions in 12 currency corridors on the islands of the Pacific, Australia, New Zealand and the UK. The purpose of cooperation is to enable residents and entrepreneurs from one country to easily conclude trade agreements and carry out transactions with partners from other countries easily, quickly and without waste.

To conduct transactions between different fiat currencies, a token-bridge will be used - the Crypto-currency of the Stellar system, Lumen.

When trading between multiple currencies, it helps to have a bridge currency to reduce the ledgers needed to maintain. Lumen provides that single ledger that can bridge currencies.
 

Jed McCaleb

Founder, Stellar (to Coindesk)

Additionaly, National Australia Bank, TD Bank, Advancement of Pacific Financial Infrastructure for Inclusion (APFII) and Wizdraw (HK) of WorldCom Finance took part in this project. Also, the platform is already integrated with IBM's Financial Transaction Manager, which itself is integrated with ACH, SEPA and other electronic transaction network.

Stellar Lumens price chart

This news had great effect on Lumens' price. XLM gained almost 34% in less than 24 hours!

Stellar Lumens price chart
Stellar Lumens price chart

As you can see on the chart above, there is a real price jump. At the moment, XLM is at the 13th place in Coinmarketcap cryptocurrecnies rating, with $759 800 487 market cap and $0.045805 price. 

Change.org to Mine for Charity

According to the calculations, if 10k computers will run the minning screensaver for 12 hours a day, the charity fund will receive $10k monthly
18 July 2018   99

Social platform for petitions Change.org announced the launch of a screensaver that mines Monero on users' computers. All tokens will be transferred to the charity fund of Change.org. This is reported by Coindesk.

This initiative was launched in partnership with the marketing agency Tracelocke Brazil.

Representatives of Change.org report that the screensaver will consume resources only when users do not use the computer. According to their calculations, if 10 thousand computers will run the screensaver for 12 hours a day, the charity fund will be transferred $ 10 thousand monthly.

At the moment the program is available only for Windows users and the platform did not report on the release plans for the version for macOS.

Note that at the end of April, a similar action was launched by the Australian unit of the United Nations International Children's Emergency Fund; (UNICEF). The website "Page of Hope" mines Monero cryptocurrency.