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IBM may adopt Bitcoin blockchain for major currencies

Friday 13 March 2015 10:49 CET | News

International Business Machines (IBM) has revealed the intention to adopt the technology behind Bitcoin, known as the blockchain.

The objective is to allow people to transfer cash or make payments instantaneously using this technology without a bank or clearing party involved. The transactions would be in an open ledger of a specific countrys currency such as the USD or EUR.

IBM is one of a number of tech companies looking to expand the use of the blockchain technology beyond Bitcoin. There are signs that central banks are already thinking about the innovations that could arise through digital currency systems.


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Keywords: Bitcoin, online payments, digital payments, cryptocurrencies, blockchain, IBM
Categories: DeFi & Crypto & Web3
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Countries: World
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DeFi & Crypto & Web3






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