Enter the Bitcoin Tech - BNP Paribas
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....
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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....
BNP Paribas is choosing to begin its public experiments with blockchain tech by pursuing one of its less discussed use cases – crowdfunding. The French financial services giant intends to launch a private securities program built using blockchain tech. The effort, a partnership with SmartAngels, a firm that allows entrepreneurs to raise money from private and professional investors, even has ambitious attempts to go live by the second half of 2016. In interview, BNP Paribas product manager Johann Palychata said that crowdfunding was selected as one of the company’s first use cases due to....
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....
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....