IBM looks for Stellar expert for their blokchain financial solutions department

01 Feb, 2019 | Updated: 01 Feb, 2019
by Fifi Arisandi
News
IBM looks for Stellar expert for their blokchain financial solutions department

IBM looks for a Stellar expert to join their Blockchain Financial Solutions department. 

Major tech company, IBM is reported to find a new staff for their Blockchain Financial Solutions department that knows how to work with Stellar ledger well.

The new role aims to help clients in cross border payments matter, a service that they sign up for and is expected to be able to provide them with “transformational” payment method, as mentioned in the no-longer-available job opening they posted on LinkedIn.

The “Stellar skill” is required as IBM’s World Wire network uses Stellar blockchain ledger as the system to record financial transactions between counter-parties.

As a blockchain technology that offers fast and cheap funds transfer, Stellar has lots to catch up with its main competitor, Ripple.

Read more: IMF praises Ripple and Circle, says banks will be ‘cannibalized’

As of writing time, Stellar (XLM) is on the 9th position of coin by market capitalization list, with $1,557,191,954 of total market cap at $0.081 price point.

XRP, on the other hand, is at the 2nd position with total market cap of $12,451,385,634 at $0.3 price point. They seem to be unstoppable when it comes to "revolutionizing the financial sector", with the recent news of the company's CEO having a face-to-face discussion with the long-time payment system player, SWIFT's CEO at Paris FinTech Forum just recently. 

Read more: Face-Off between two giants, Ripple and SWIFT CEOs meet

The giant tech company itself can be seen striving hard to pave their way to become a leading company in the blockchain technology. From working with various big names to applying for multiple blockchain patents, IBM understands that one of blockchain’s biggest capabilities is to revolutionize the financial sector.

While it’s unclear why they choose Stellar blockchain to power their Blockchain Financial Solutions, expanding their reach to the field is a strategic move to be a notable name in blockchain tech.

Are XRP and XLM included in the 5 Altcoins to watch in 2019? Checkout Chepicap's YouTube channel to find out.  

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