IBM Executive Looks to Partner with Facebook on Libra Blockchain

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IBM looks to partner with Facebook to develop their new Libra blockchain.

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In a recent interview the CNBC, Jason Kelly, IBM’s blockchain general manager, stated blockchain development is a “team sport”.

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Jason Kelley, IBM Blockchain

“Our clients are ready to work with (Facebook) and we’re ready to work with all of them to bring it together,” stated Kelley.

IBM has not made any official statements regarding the interest of joining Facebook’s Libra Association.

IBM has been developing the Stellar (XLM) blockchain, launching the World Wire, allowing cross-border payments utilizing XLM.

In March, IBM announced six international banks would begin offering the XLM-based stablecoins, including Bank Busan of South Korea, Philippines-based RCBC, and Brazil’s Banco Bradesco.

World Wire has payment locations in 72 countries, with 48 currencies and 46 “banking endpoints” where people can send or receive cash, according to a statement from IBM.

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