Tag: BNP Paribas

BNP Paribas: Bitcoin Will Fail Because it Lacks Characteristics of Traditional Banking No Comments

According to the UK's Telegraph, international banking giant BNP Paribas have issued a report on the future of Bitcoin. For them, widespread adoption will be limited by cryptocurrencies' deflationary nature, and the fact that they lack a "lender of last resort." The bank claimed that cryptocurrency could pose risks to individual nation's monetary policies too. Interestingly however, the report ...


BNP Paribas Blockchain Pilots

BNP Paribas Announces Multiple Blockchain Pilots For Transaction Banking No Comments

Everyone in the cryptocurrency world is well aware of how BNP Paribas is actively working on blockchain technology. Things have taken an interesting turn, as the financial institution is going into co-development mode. Various clients will be invited to pilot blockchain applications with a focus on transaction banking. An exciting development for distributed ledgers, that much is certain. The y...


BNP Paribas and Bank of Ireland Conducting Blockchain Trials No Comments

The banking sector is finally making some headway with their exploration of blockchain technology. Soon after UBS and Deutsche Bank made an announcement about the success of their blockchain technology experiment, two more international banks have now come up with their own solutions and testing them out. The French banking firm, BNP Paribas and the Bank of Ireland are the duo who have brought the...


Blythe Masters and Digital Asset Holdings Raise Over US$50m In Funding No Comments

Various Bitcoin companies around the world are looking for investors to get their project moving along and deliver services to a broader audience. Digital Asset Holdings, a blockchain startup run by Blythe Masters, recently closed a new funding round, raising over US$50m from various global financial leaders. With this money, the company will eventually be able to bring blockchain technology use c...


Deutsche Bank Says Good Things about Bitcoin

Deutsche Bank Says Good Things about Bitcoin No Comments

Deutsche Bank is one of the latest banks to back blockchain technology. The Frankfurt, Germany based bank has responded positively to the European Securities and Market Authority's (ESMA) call for evidence on investments using virtual currency and blockchain technology. ESMA had called upon all the stakeholders to express their views, experiences and any information on utilization of digital curre...


Enter the Bitcoin Tech BNP Paribas

Enter the Bitcoin Tech — BNP Paribas No Comments

Close to the heels of Societe Generale's job listing for a blockchain and bitcoin developer, another major French bank BNP Paribas has announced its involvement in bitcoin and blockchain technology research. According to a few news sources, the banking giant is looking to add bitcoin to one of its currency funds. In these times, where the banks are forced to innovate and embrace the technology be...


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