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IBM's Expedition Turns Into Crypto-Custodian Services

IBM has time and again laid emphasis on the facts of cryptocurrency prospects and has promoted the integration of Blockchain based system with the conventional business environments, such as banking, trade finance, supply chain management system etc. 

While Blockchain technology has been a buzz world of-late, when it comes to this trendy topic then the most appealing aspect is the probable end-to-end solutions that strike a chord in various business domains to get rid of bottlenecks that’s quite prevailing in the current ecosystem.

Well, as time progressed, renowned multinational IT giant like, IBM processed overseas payments on the Stellar network deploying Stronghold USD which has been a stable coin pegged to the U.S. dollar.

They have now been eyeing on the crypto custody services. The blockchain-friendly IBM has noiselessly entered into the cryptocurrency custody space with Shuttle Holdings, a New York-headquartered investment group. The plan would be unveiling the custodial services for this innovative asset class. Shuttle seems to have built the offering on IBM’s private cloud service. It is noteworthy that Shuttle is offering the tools for cryptocurrency custody, rather than handling the crux of the matter by itself.

Currency Strength Index: FxWirePro's hourly BTC spot index is flashing at -96 levels (which is bearish), while hourly USD spot index was at -14 (mildly bearish) while articulating at (13:26 GMT).

For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex

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