The French bitcoin revolution: BNP Paribas testing crypto on its currency funds

[OmegaStarScream]

France's biggest bank BNP Paribas is looking at ways bitcoin could be incorporated into one its currency funds, according to a source at the bank.

The source at BNP Paribas told IBTimes UK the bank has been doing "beta testing" involving crypotocurrency, and one of the bank's currency funds in Paris, with a view to making an announcement about that in the near future.

A spokeswoman for BNP Paribas said: "We are looking at blockchain technology and how it can be applied to post trade processes to make things faster and potentially cheaper but it's all very much projects and it's all in testing. It's nothing live."

BNP Paribas caused some controversy earlier this month when analyst Johann Palychata said bitcoin technology when applied to securities trading could make sections of the industry "redundant".


Complete reading the article here : http://www.ibtimes.co.uk/french-bitcoin-revolution-bnp-paribas-plans-add-crypto-its-currency-funds-1512360

BNP PARIBAS is one of the most known banks on the world and most used in Europe . and I'am so excited about this personally because they have some of their banks in my country (Algeria) ... and what makes me laugh is that I was looking to open a Bank account since I'am 18 years old now ... like one week ago but I was hestitating between two banks ... now I know which one I will choose Bitcoin to da moon

[HeroCat]

Well it is testing only, but with time - may be it can be, BNP Paribas bank can do a good work in BTC expanding 

[AtheistAKASaneBrain]

France's biggest bank BNP Paribas is looking at ways bitcoin could be incorporated into one its currency funds, according to a source at the bank.

The source at BNP Paribas told IBTimes UK the bank has been doing "beta testing" involving crypotocurrency, and one of the bank's currency funds in Paris, with a view to making an announcement about that in the near future.

A spokeswoman for BNP Paribas said: "We are looking at blockchain technology and how it can be applied to post trade processes to make things faster and potentially cheaper but it's all very much projects and it's all in testing. It's nothing live."

BNP Paribas caused some controversy earlier this month when analyst Johann Palychata said bitcoin technology when applied to securities trading could make sections of the industry "redundant".


Complete reading the article here : http://www.ibtimes.co.uk/french-bitcoin-revolution-bnp-paribas-plans-add-crypto-its-currency-funds-1512360

BNP PARIBAS is one of the most known banks on the world and most used in Europe . and I'am so excited about this personally because they have some of their banks in my country (Algeria) ... and what makes me laugh is that I was looking to open a Bank account since I'am 18 years old now ... like one week ago but I was hestitating between two banks ... now I know which one I will choose Bitcoin to da moon

It's good to see that those morons (both banksters and newspapers) are starting to not avoid the obvious and mention Bitcoin along with blockchain instead of separating Bitcoin from blockchain.

[LiteCoinGuy]

France's biggest bank BNP Paribas is looking at ways bitcoin could be incorporated into one its currency funds, according to a source at the bank.




Complete reading the article here : http://www.ibtimes.co.uk/french-bitcoin-revolution-bnp-paribas-plans-add-crypto-its-currency-funds-1512360

BNP PARIBAS is one of the most known banks on the world and most used in Europe . and I'am so excited about this personally because they have some of their banks in my country (Algeria) ... and what makes me laugh is that I was looking to open a Bank account since I'am 18 years old now ... like one week ago but I was hestitating between two banks ... now I know which one I will choose Bitcoin to da moon

It's good to see that those morons (both banksters and newspapers) are starting to not avoid the obvious and mention Bitcoin along with blockchain instead of separating Bitcoin from blockchain.

Amen brother. 

but i think they should stay away for at least 1-2 years. we need more time to build the infrastructure and need some updates on the software front.

[LFC_Bitcoin]

Interesting, could be very positive for us bitcoiners but my only question would be are they intetested in using bitcoin in the future or just using some iind of blockchain technology, perhaps copying the bitcoin blockchain to create their own future fiat sending blockchain?