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BBVA Registers $91 Million Loan on Public Ethereum Blockchain
Apr 26, 2018
 

TSpanish banking giant BBVA is laying claim to be the first global bank to issue a loan using blockchain technology by completing a pilot of the entire issuance process on not one, but two blockchains.

As Spain’s second-biggest lender, BBVA has been exploring and launching blockchain applications in core banking processes and has now successfully completed a pilot involving the entire process of issuing a €75m ($91 million) corporate loan on two differing blockchains, the Financial Times reported Thursday.

Source: CCN (https://www.ccn.com/spains-bbva-registers-91-million-loan-on-public-ethereum-blockchain/)