IBM Considering Adopting Bitcoin Technology For Major Currencies

According to anonymous sources, IBM is adopting the underlying technology behind bitcoin to create a digital payment system for major currencies.

The objective is to allow people to transfer cash or make payments instantaneously using this technology without a bank or clearing party involved, saving on transaction costs, the person said. The transactions would be in an open ledger of a specific country's currency such as the dollar or euro, said the source, who declined to be identified because of a lack of authorization to discuss the project in public.

Comments