Spain’s second largest bank, Banco Bilbao Vizcaya Argentaria, has closed a €150 million loan using blockchain technology.
Loans News
Loans are certain amounts of money given by an individual, organization or government to the another entity. The recipient is usually obliged to return the loan with additional interest. Loans are one of the driving forces of current economies and a crucial part of the financial sector. Loans can take various forms and may include loans in goods, fiat money loans, cryptocurrency loans, etc. The practice of crypto loans is new and has its flaws, mostly connected to the high volatility and technical difficulties inherent to cryptocurrency. However, Bitcoin (BTC) loans are already available in several BTC loan sites, some of which provide a rather quick Bitcoin loans procedure. Cryptocurrency loans may become the new standard for receiving loans — due to the high speed of transaction, the trusted distributed ledger and inclusion of information technologies.
- News
- News
by Helen Partz
Russia’s non-profit copyright society plans to launch a blockchain-powered platform for managing intellectual property-secured loans.
- News
Crypto loans company Salt, once associated with Erik Voorhees, is facing an SEC probe over its 2017 $50 million token sale and whether Voorhees’ involvement bro...
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by Helen Partz
Banco Bilbao Vizcaya Argentaria (BBVA) has carried out a blockchain-based syndicated loan of $150 million with BNP Paribas and MUFG.
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U.K.-based bank Natwest will integrate a new blockchain platform underpinned by R3 Corda technology for use in the syndicated loans market.
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Genesis Global Trading says it has seen an “incredibly strong reception” from institutional clients
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by Helen Partz
Mike Novogratz’s merchant bank Galaxy Digital has led a $52.5 million fundraising round for crypto-lending firm BlockFi.
- News
by Helen Partz
BBVA has signed a new blockchain-powered loan, having completed the first global blockchain-based pilot on loans and corporate finance.
- Sponsored
The partnership may bring new benefits to the Bitcoin Cash community, and provide it with widen range of financial management options.
- News
by Helen Partz
Tech billionaire investor Mark Cuban says debt payment of any type is ‘probably’ the best investment right now.
- News
by Helen Partz
1 out 5 US students use their student loans to invest in crypto, while industry insiders prefer to take pay in crypto.
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The inventors of Voice Over Internet Protocol (VOIP)-based technologies are now working on Money Over Internet Protocol (MOIP)
- Expert Take
Cryptocurrency loans have their unique problems with taxes leading to some new challenges.
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by Jon Buck
Personal loans may soon shift away from commercial institutions toward peer-to-peer solutions.
- AI
by Ben Dickson
Credit score might become a thing of the past as AI and big data give lending companies a more complete picture of loan applicants' financial situation.
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