No, ABN Amro Isn't Releasing a Bitcoin Wallet
Dutch banking giant ABN Amro has denied it is seeking to release a bitcoin wallet. The new statements follow the discovery of an ABN Amro web page that appeared to discuss a potential bitcoin wallet offering and the rampant social media speculation that quickly followed. In statements, a representative for ABN Amro said that while the bank had experimented with the idea "three or four years ago", the project was short-lived and quickly shelved. A spokesperson said: "It is indeed an old publication about an experiment some years ago. We do not offer our customers a bitcoin....
Related News
Contrary to speculation and discussion from earlier today, Dutch banking giant ABN AMRO is not working on or releasing a bitcoin wallet to its customers as a part of its banking services. Social media was abuzz with speculation that a bitcoin wallet might be in the offing by ABN AMRO , a major European bank with a global presence, based in Netherlands. A webpage surfaced, purporting to conduct a survey among ABN AMRO customers by the bank’s Innovation Centre. It stated: From the Innovation Centre of ABN AMRO, we follow the development of bitcoin closely. At present, we examine whether the....
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....
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....
ABN Amro has become the latest financial institution to join the R3 blockchain consortium. The Dutch bank is an investor in blockchain startup Digital Asset Holdings and is working with local academics on applications of the technology. The bank has also been doing internal work of its own, leading to speculation earlier this fall that it was developing a bitcoin wallet. As an R3 member, the bank said that it expected to build on its past efforts. Arjan van Os, chief of ABN AMRO’s Innovation Centre, said in a statement: “This is exactly the right time for us to step in. We already spend a....
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....