Sunday, July 9, 2017

Bitcoin, central bank neutral

Spain going bitcoin wild:
In the recent week several major Spanish banks, law firms, and corporations have announced the formulation of a blockchain consortium that will explore applications for blockchain technology in multiple sectors of Spain’s economy. 2017 also saw the launch of Holytransaction Trade – a cryptocurrency wallet provider that facilitates bitcoin to Euro transactions at any Spanish ATM.
Many are speculating that instability within Spanish financial markets is driving sustained growth in bitcoin adoption. The recent bank bailout of Banco Popular saw the institution purchased by Santander for just 1 euro – suggesting that Spain’s banking sector still has not recovered from the 2008 global financial crisis.

No comments: