BBVA Signs $150M Blockchain Syndicated Loan Arrangement With Red Eléctrica

Spanish banking group Banco Bilbao Vizcaya Argentaria (BBVA) has successfully completed a $150 million syndicated loan transaction using blockchain technology. The syndicated loan transaction was conducted on a private blockchain network through which six entities participated in the process. BBVA granted the loan alongside Japanese bank MUFG and French banking […]

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Colombia Crypto Exchange Asks New President for Banking Help

Alejandro Beltrán of Colombia’s largest cryptocurrency exchange, Buda.com, effectively shuttered by banks in the country refusing to do business with it, has written an open letter to the nation’s new president in the hope of winning a reversal. Iván Duque Márquez was elected last month, and has been quoted as […]

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Spain: BBVA Bank and Energy Co. Repsol Partner to Develop Blockchain Financial Solutions

Major Spanish banking group BBVA and Spanish energy company Repsol have signed an agreement to develop blockchain-based solutions for corporate banking, according to an announcement published June 20. The product by BBVA and Repsol was developed using multiple different blockchain technologies, namely Hyperledger and the Ethereum test network. Nuria Ávalos, […]

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