BBVA Issues First Ever Corporate Loan on the Distributed Ledger

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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. The loan in question is a €75m corporate […]

Dubai’s Biggest Bank Officially Adopts Blockchain to ‘Cut Cheque-Related Fraud’

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The biggest bank of Dubai – Emirates NBD, has gone live at scale with a blockchain-based project called “Cheque Chain” to substantially cut off check-related fraud. Dubai has always been quite elated when it comes to embracing blockchain-based technology. We’ve seen it adopting innovative solutions based on it across a […]