LHV Bank’s Bitcoin App Wins Innovation Award

LHV Bank’s Bitcoin App Wins Innovation Award

A bitcoin-based blockchain wallet application developed by LHV Bank and industry startup ChromaWay has won the Estonian Banking Association’s 2016 Innovation Award. The app was selected over of entries by Nordic banks SEB and Swedbank and cross-border money transfer startup Transferwise due to what judge and CEO of Rate Solutions Andrei Korobeinik said in statements was its uniqueness among entrants. While Korobeinik acknowledged the app might not have yet proved a commercial success, he praised it for working "out of the box" and said that LHV Bank showed courage in....


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