BBVA Uses Blockchain for €150M Term Loan for VW’s Subsidiary Porsche Holding

2018-12-18 19:44

Bilbao-based BBVA used blockchain again, this time assisting the first non-Spanish corporate client. The bank implemented DLT for a €150 million term loan for Porsche Holding Salzburg.

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Spain’s BBVA Bank Leverages Blockchain To Finalize A $150 Million EUR Loan With Porsche Holding

Major Spanish Bank BBVA Uses The Blockchain To Close $150 Million EUR Loan With Porsche Holding Banco Bilbao Vizcaya Argentaria (BBVA), the second largest bank in Spain, has recently closed a $150 million USD loan deal with Porsche Holding, the largest car distributor in Europe and used the blockchain technology to secure the transactions. This […]

2018-12-14 20:40