Stronghold uses IBM Blockchain to empower the banking underserved

Stronghold is using IBM Blockchain technology to create a financial infrastructure for the unbanked population in remote areas. Instead of using local currency to conduct transactions, the organization worked with IBM to create the Stronghold US Dollar. It acts like a token on IBM World Wire blockchain network, facilitating payment transactions to people and businesses in remote areas with weak local currencies.

“Stronghold and IBM have been collaborating together on the Stronghold US Dollar, which is a Stablecoin that has been introduced into IBM’s worldwide network…. This particular technology is disruptive because it enables us to get payments to people in the middle of nowhere, effectively, in seconds...,” explains Sean Bennett, Cofounder and CTO of Stronghold. 

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