Bitcoinist
2018-04-27 00:00:15

BBVA Issues First Ever Corporate Loan on the Distributed Ledger

Spain’s Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), a multinational Spanish banking group, has officially become the first global bank to issue a loan using Bitcoin’s underlying technology, the distributed ledger — hailing the event as a “significant advance in the exploitation” of the technology. BBVA is Banking on the Blockchain The loan in question is a €75m corporate loan. As reported by Financial Times, the entire loan process was processed using a mutually distributed ledger, including the negotiationRead MoreThe post BBVA Issues First Ever Corporate Loan on the Distributed Ledger appeared first on Bitcoinist.com.