Banks in Spain now required to outline 3-year digital currency plans
The Bank of Spain has requested all banks to provide information related to any digital currency plans they have until 2024, claiming it’s purely for research.
The Bank of Spain has requested all banks to provide information related to any digital currency plans they have until 2024, claiming it’s purely for research.
Spain's second largest bank, Banco Bilbao Vizcaya Argentaria, will support digital currency buying, selling, and custody in 2021.
BBVA has been working on a pilot project for issuing corporate loans through a blockchain-based system.
BBVA used a private blockchain to conduct a €75-million ($91.4 million) loan from start to finish. In doing so, it has now become the first global bank to enlist the technology in a loan operation.