Bbva Bank Ceo Calls Blockchain ‘Immature’

Bbva Bank Ceo Calls Blockchain ‘Immature’
ôîòî ïîêàçàíî ñ : bitcoints.com

2018-6-20 05:34

Carlos Torres, CEO of Spanish bank BBVA, said blockchain technology is “not mature” and faces major challenges, el Economista reported June 18.
According to Torres, the main challenges for blockchain are the “volatility of underlying currencies” and possible compatibility issues with tax authorities and financial regulators.
Banco Bilbao Vizcaya Argentaria (BBVA) is a northern Spanish bank founded in Bilbao in the late 19th century.
In April, BBVA became the first global bank to issue a loan using blockchain technology.
BBVA conducted the entire process of a ˆ75 million loan, from the negotiation of terms to signing, on a distributed ledger.

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