What role could Central Bank Digital Currencies play in everyday life?

Find out in the latest report from IBM and the Official Monetary and Financial Institutions Forum.

Redefine access to money for people and businesses around the world

Introducing IBM Blockchain World Wire, the new financial rail that simultaneously clears and settles cross-border payments in near real-time. Integrating with your existing payment systems, you’ll replace costly opacity with affordable transparency – and that can bring greater financial opportunity to all.

How IBM Blockchain World Wire works

Using blockchain technology and the Stellar protocol, IBM Blockchain World Wire makes it possible for financial institutions to clear and settle cross-border payments in seconds.

Two financial institutions transacting together agree to use a stable coin, central bank digital currency or other digital asset as the bridge asset between any two fiat currencies. The digital asset facilitates the trade and supplies important settlement instructions.*

The institutions use their existing payment systems – seamlessly connected to World Wire’s APIs – to convert the first fiat currency into the digital asset.

World Wire then simultaneously converts the digital asset into the second fiat currency, completing the transaction. All transaction details are recorded onto an immutable blockchain for clearing.

IBM Blockchain World Wire changes the payments landscape

Faster payment processing

  • Simultaneous clearing and settlement
  • Reduced time to dispute resolution and reconciliation
  • Eliminates multiple parties processing transactions

Lower costs

  • Reduced capital requirements for cross-border transactions
  • Lower clearing costs
  • Reduced time and cost to connect new markets to capital flows

Increased efficiency

  • One exchange fee between all currencies
  • End-to-end transparency

And much more

  • Simplified, configuration-ready solution integrates with any system
  • Support payments of any size to destinations around the world in a variety of asset types
  • Security-rich network with robust access controls

Exclusive: how Central Bank Digital Currencies will transform money

Central Bank Digital Currencies – retail considerations

Retail DBDCs - The next payments frontier - book cover

Experts agree that a consumer-ready Central Bank Digital Currency (CDBC) will be available within five years. Learn what steps central banks in more than 20 countries are taking to make this a reality in our new report of CDBC retail adoption, with important insights on development, implementation, privacy, security and more.

Central Bank Digital Currencies – wholesale considerations

Central bank digital currencies - book cover

Bitcoin mania led some to believe that banks are no longer needed for secure global money transfer. Banks, however, disagree. Learn how they’re examining the viability of digital fiat currencies as complements to physical cash in this first report from IBM and the Official Monetary and Financial Institutions Forum.

73% of central bank survey respondents would require retail CBDCs to be available under all circumstances and for all types of payments.¹

IBM Blockchain World Wire: building new trust to power the financial world

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Understanding your business

Our convening power brings together incumbents and FinTechs, ensuring collaborative innovation with data security, compliance and consumer focus.

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Creating a solution that works for you

We work with you to ensure that IBM Blockchain World Wire is compatible with your existing payment systems, making it as seamless to adopt as possible.

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Launching new, dynamic business networks

Backed by the right experts, access and our collaborative approach, we’re building and running scalable, industry-shaping blockchain networks.

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Solving your global challenges

Our cross-sector relationships and technical expertise are creating systemic change, helping you reach new customers and enter new markets.

IBM leadership in the financial industry

The world’s most important data is entrusted to IBM. We’ve built and deployed more than 500 blockchain solutions already changing the way business is done, including in the financial services sector. And IBM runs over 60% of the world’s transactional systems.


of the world’s largest banks are IBM clients


of global credit card transactions are processed on IBM mainframes

What will we solve together?

Revolutionize the way you clear, settle and manage cross-border payments with IBM Blockchain World Wire.

* For those preferring to avoid the use of digital currencies, IBM also provides alternative settlement methods.

¹ Retail CBDCs: The next payments frontier; IBM and OMFIF, 2019.