Jesse Lund, VP of IBM’s Blockchain and digital currencies, said that he expects Bitcoin’s (BTC) price to eventually hit $1 million during an interview Wednesday with Finder.com. Lund explained that he “likes that number,” given that “if Bitcoin is at a million dollars, then Satoshi is on value parity with the U.S. penny.” At that value, the whole network would have over $20 trillion of liquidity which would drastically change corporate and high-value payments.
Lund also discussed the IBM- Stellar (XLM) collaboration and Blockchain World Wire (BWW), IBM’s cross-border payment network. IBM uses both XLM and BWW as an intermediate currency and to pay transaction fees. Both IBM and R3 Corda are working on creating solutions for cross-border payment solutions using multiple digital assets, and Lund affirms that need. “There should be an ecosystem of a variety of digital assets that provide settlement instruments that enable these cross-border payments,” said Lund, “and the participants in the network should be able to choose and negotiate their choices in real-time.”
And IBM isn’t the only firm interested in collaboration. Canadian crypto exchange Coinsquare showed interest in the blockchain by acquiring StellarX, a Stellar-based zero-fee decentralized exchange. With StellarX now a fully owned subsidiary, Coinsquare now seeks regulatory approval to operate and expand its service under Coinsquare’s compliance.