Bitcoin Bank Acceptance Spotlight: Dutch National Bank ABN AMRO
The Netherlands state-owned bank, ABN Amro, is the eighth largest bank in Europe and the 15th largest bank on Earth. Last month, the head of the bank’s Innovation Centre, Arjan van Os, posted a long and rousing blog post with one of the most bullish statements on the subject of the blockchain seen from any bank to date. This post was made on the bank’s....
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Writing on the bank's official website, ABN AMRO Head of Innovation Arjan van Os, praises the blockchain technology behind Bitcoin in an article titled "The Next Big Thing." Dutch state-owned ABN AMRO Bank is a product of a long history of mergers and acquisitions that date to 1765, making it one of the oldest active banks. In 2007, ABN AMRO was the second-largest bank in the Netherlands and the eighth largest in Europe by assets. Then the bank was acquired by a consortium of international banks and eventually bailed out and nationalized by the Dutch government, which expressed intentions....
ABN AMRO, the leading Dutch bank recently conducted a survey to gauge its customers' interest in using bank-run Bitcoin wallet. Read more... ABN AMRO Bank customers may soon have access to a Bitcoin wallet provided by their banking service provider. The Dutch banking major recently ran a survey on its website, to gauge its customers’ interest in Bitcoin. The survey was part of ABN AMRO Innovation Centre’s initiative to understand whether the Bitcoin community in Netherlands prefers to use a Bitcoin wallet developed by the bank or not. The initiative doesn’t come as a surprise as the bank’s....
A brief report published today by news blog Coincourant.nl (based on an article from Automatiseringgids.nl), Dutch Bank ABN Amro is reportedly toying around with bitcoin and digital currency. This information purportedly originates from Menno van Leeuwen, so-called 'Innovation Manager' at the state-owned bank. According to Leeuwen, he feels that it wouldn't be wise for the bank to ignore technological development, and says the idea behind experimentation is an effort to be prepared for change, namely in the financial industry. "Banks are facing challengers from outside, who invent new....
Dutch bank ABN AMRO has launched a blockchain application called Torch to help facilitate real estate transactions and exchange information. Developed in partnership with IBM, the blockchain application is a sweeping ledger that will be accessible by every party involved in a real estate transaction. Such as, buyers and sellers, landlords and tenants, ABN AMRO – as a bank, notaries, appraisers; the Land Registry Office and the Chamber of Commerce which is the country’s business register; as well as other regulators. Announced late last week, all of the above parties will – each in their....
ABN Amro has begun a new blockchain pilot focused on real estate transactions. The Dutch bank said yesterday that it is working with IBM to develop a system in which buyers, sellers, brokers and regulators (among other parties) can share and record real estate transactions. According to ABN Amro, the proposed system would support connectivity with regulators such as the country's central bank and the Land Registry Office. In its announcement, ABN Amro suggested that the pilot could ultimately lead to new kinds of client-facing services. The bank said in a statement: “This latest pilot is....