BNP Paribas: Bitcoin’s a Disruptive Invention ‘Like the Steam or Combustion Engine’
BNP Paribas, one of the largest banks in the world, has released a new report in which the bank details two scenarios for the integration of blockchain technology in our financial system, while arguing that bitcoin, "the first successful attempt for a secure and decentralized register," should be considered as a major disruptive invention "like the steam or combustion engine." In a report published in Quintessence Magazine, an information portal in which the bank shares market analysis and commentary from industry experts and BNP Paribas specialists, Johann Palychata, research analyst at....
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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....
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....
[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....
TechCrunch's new series on Bitcoin and blockchain to be available on the platform's YouTube channel, starting Monday. Bitcoin is probably the hottest invention of the last decade. At the current rate of growth, combined with its limitless potential, Bitcoin’s underlying blockchain technology may become the most disruptive revolutionary technological invention of this century. Irrespective of individual opinions, it is impossible to ignore the cryptocurrency revolution. TechCrunch, the online technology magazine is convinced of Bitcoin’s legacy. Acknowledging the popularity of Bitcoin and....
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....