BNP Paribas ‘to Add Bitcoin to Currency Fund’ Within Weeks
[UPDATE: Comments from a BNP Paribas spokeswoman since received by IB Times state that the bank “is looking at blockchain technology and how it can be applied to post trade processes to make things faster and potentially cheaper,” but stopped short of intimating any direct interaction. “… [I]t's all very much projects and it's all in testing. It's nothing live,” she added.] Original article: BNP Paribas, France’s largest bank, is set to announce it is adding Bitcoin to one of its currency funds in the coming weeks. A source for the International Business Times told the publication that....
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Bitcoin continues to push deeper into mainstream currency trading with BNP Paribas, France's largest bank. The bank is testing bitcoin for one of its currency funds, according to International Business Times UK. A source at BNP Paribas told IBTimes UK the bank has been "beta testing" crypotocurrency with one of the bank's currency funds in Paris and will make an announcement about it shortly. Spokesperson Cites Block Chain Technology. "We are looking at blockchain technology and how it can be applied to post trade processes to make things faster and potentially cheaper but it's all very....
Writing onQuintessence, the financial magazine of BNP Paribas, financial securities research analyst Johann Palychata analyzes the possible impact and future implications of the blockchain for securities markets. He believes that Bitcoin is really an innovation and a disruptive open-source technology for the financial world. "Its core is the first successful attempt for a secure and decentralized register," says Palychata. "It should be considered as an invention like the steam or combustion engine. ". BNP Paribas, a French bank headquartered in Paris that was formed through the merger of....
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 behind bitcoin and digital currencies, this piece of information does not come as a surprise. The bitcoin technology has emerged as a threat to the traditional banking and financial sector mainly due....
BNP Paribas Fortis has denied it is exploring the idea of entering the bitcoin space as a digital vault provider. A spokesperson for the international Belgium-based bank - a subsidiary of BNP Paribas - told CoinDesk the company was not planning to allow its customers to store bitcoin as they would any other asset. The spokesperson added: "I will disappoint you because we do not have a project regarding the bitcoins. So, it's not true." BNP Paribas Fortis' denial comes after CoinDesk was contacted by a subscriber to the Bitcoin Brussels mailing list, who claimed to have received an email....
French multinational financial services company BNP Paribas is building a new blockchain platform to allow private companies to issue mini-bonds — short-term debt instruments issued by private companies to investors. BNP Paribas Announces Newest Initiative. The bank’s custody arm, BNP Paribas Securities Services, is leading the new initiative at its new....