Bitcoin News 22 August 2017 – Credit Suisse leads Banks for Blockchain-based Syndicated Loans

Bitcoin News today with the leading story being Credit Suisse leading a group of banks in the launch of a commercial platform for blockchain-based syndicated loans. Credit Suisse believes blockchain technology can reduce barriers between counterparts as well as reduce time and cost by using smart contracts.


Emmanuel Aidoo, who leads Credit Suisse’s blockchain said “We are working to put a few dozen smaller loan transactions, where we or other participating banks are the agent, onto a distributed ledger platform using smart contracts in production next year.”


Banks are certainly not being left behind in our new digital economy.




Other news headlines:-


Swift is one step closer to adopting blockchain – a team of developers at the inter-bank payments platform have completed a proof-of-concept built with the Hyperledger Fabric blockchain


The first Bitcoin ATM in the British territory of Gibraltar has been installed – a few Bitcoin businesses and the government is currently working on a regulatory framework for digital currencies.


ICO Scammers Steal $500k in Phony Enigma Project Pre-Sale Launch – $500,000 in ether has been stolen from supporters of the Enigma blockchain project following a security compromise


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