Santander and EtherCamp building bridges between bank accounts and Ethereum

[eye4bd]

Santander and EtherCamp building bridges between bank accounts and Ethereum

Spanish banking giant Santander is making a bold move in the direction of Ethereum by creating a way to tie bank accounts and fiat currency to tokens on the Turing complete blockchain system....

http://www.ibtimes.co.uk/devcon2-santander-ethercamp-building-bridges-between-bank-accounts-ethereum-1582242

[reb0rn21]

I think ethereum is good for them, as soon something happen they need to rewrite contract or do a cash back, they can just ask Vitalik to fork blockchain

Its shame that hard forking eth passed as that, their blockchain proven unstable, with geth and eth++ client being full of bugs and NO ONE care, from time to time exploits are used, they just do a quich hot fix like nothing happened
They showed to the world as soon it breaks they will just make new chain and no one will care, till the big investors are full

[bbc.reporter]

This is what they are mentioning among other things.

"DevCon2: Santander and EtherCamp building bridges between bank accounts and Ethereum. The first use case of the Santander/EtherCamp CashEth project is micropayments, so leveraging the agility of the Ethereum blockchain to pay tiny amounts to read newspaper articles with zero fees, recorded on the blockchain."



"Mandeleil showed how a Santander bank account will provide a button which creates an Ethereum account. "In this bank account you are going to have a parallel Ethereum account on Ethereum network. So Santander is going to know about this so it is going to be tied."




We can already do this using bitcoins without the bridging and the connections with the banks are informal. But let us see how the implementation of Satander bank account + Ethereum wallet will go. I cannot put my finger on it but it feels like a closed area as opposed to bitcoin it feels open and free.

[cryptohunter]

Very interesting all the same. Eth up and up lately. Time to switch the rigs back on....when is it going POS?

[mining1]

This is great news, the paranoid ones will think it's a bad one ofcourse, but a project like bitcoin would never be integrated in the world economic system for many reasons. TBH this devcon exceeded my expectations alot, probably even whale are surprised as i've noticed fake walls on poloniex trying to supress the price.