One of the largest banks in France issues a token on Ethereum blockchain

[BlueStackz]

https://www.coindesk.com/societe-generales-work-with-public-ethereum-is-a-big-deal


What do you think of this? How much does eth benefit when a new token is issued on it's architecture. Does this have any influence on you wanting to buy into eth, or is it not a big deal?

It does and it does not, what makes the market value of ethereum grows is when people add money to their ethereum wallet, and since purchasing new token requires that they fund their ethereum wallet which they will transfer to the project developer, at that point they deposit fiat and change to ethereum, it will definitely add up to the value of ethereum.

The reason why its effect will later be reduced is because the ethereum was deposited for a purpose, it is just like paying salary with it, ethereum deposit for salary purpose will not stay long in the market, so as ethereum deposited for the development of project will not stay long in the market too.

Project developers must definitely cash it out in fiat to carry out the project, if the entire project that had carried out their ICO through Ethereum had left their money in the wallet, the value of ethereum would have probably reached ~$2000 by now.

[niisarearning]

Any ethereum smart contract will come to first while try to implement blockchain technology for any domain either bank or any other gradually they move into their mainnet even ethereum is the best coin you can always invest in . Once pos and Casper implementation done there will be huge growth for sure.

[0t3p0t]

https://www.coindesk.com/societe-generales-work-with-public-ethereum-is-a-big-deal


What do you think of this? How much does eth benefit when a new token is issued on it's architecture. Does this have any influence on you wanting to buy into eth, or is it not a big deal?

This is a good sign that banks started to adopt blockchain technology most especially in France. I do hope that other countries will also follow it's step for a much safer, transparent and convenient way of transactions. For me it has influence of course as we all know that price would go up and adoption will also rise. If only majority of countries around the world has to follow this move it can be beneficial to all crypto enthusiasts.

[Sacramentus]

https://www.coindesk.com/societe-generales-work-with-public-ethereum-is-a-big-deal


What do you think of this? How much does eth benefit when a new token is issued on it's architecture. Does this have any influence on you wanting to buy into eth, or is it not a big deal?

what I can say is that it's a good and welcomed development to be honest. We want to see many adoption including banks and vcs not just ordinary people as that will help boast the market and more awareness as well

[Dpat]

Basically the blockchain technology is invented for the banking and the financial institution for the fast transactions. But, due to the hurdle in the different economy still it is not accepted fully. But, the countries which are appreciating this technology the banking institutions are coming fast to issues the token on the ETH blockchain. I think France has the open to the blockchain technology and so the banking industries are coming fast.

[scambust]

https://www.coindesk.com/societe-generales-work-with-public-ethereum-is-a-big-deal


What do you think of this? How much does eth benefit when a new token is issued on it's architecture. Does this have any influence on you wanting to buy into eth, or is it not a big deal?

I don't think it will affect the Ethereum price. However I believe it will turn some lingering negative sentiment into positive ones. For the long time holders, it is one among many signs that there are more exciting developments to come.

[florac9]

This is nothing new to make investors start buying ethereum fast because all good projects using erc20 always end up switching to there own block chain sooner or later

[Nolimitz84]

https://www.coindesk.com/societe-generales-work-with-public-ethereum-is-a-big-deal


What do you think of this? How much does eth benefit when a new token is issued on it's architecture. Does this have any influence on you wanting to buy into eth, or is it not a big deal?

There are dozens of super projects in the Ethereum network. However, most of them go to mainnet at the first opportunity. I don't think these will affect the price of Etheruem.

What makes you think so? If the Bank will use Ethereum in its services, then at least pay a commission for gas. As you know, the more transactions, the greater the likelihood that the price will be higher.Any Bank is a large number of transactions.France is very loyal to cryptocurrencies and I think over time there will be a lot of positive news related to France and cryptocurrencies.

[Alpinat]

I don't think it is the right time for this but I guess we don't really know what will happen. Like this bank in france having a token on ethereum blockchain. That is amazing and great news to all of us this means that they are starting to adopt cryptocurrency which we all like.

[andika2018]

https://www.coindesk.com/societe-generales-work-with-public-ethereum-is-a-big-deal


What do you think of this? How much does eth benefit when a new token is issued on it's architecture. Does this have any influence on you wanting to buy into eth, or is it not a big deal?

I think this is a big deal. We knew that ethereum used for bussiness platform and if societe generales using ethereum network, off course this is a big deal because this company is big banks in french. This could lead ethereum price back to above $500 again

[leea-1334]

Project developers must definitely cash it out in fiat to carry out the project, if the entire project that had carried out their ICO through Ethereum had left their money in the wallet, the value of ethereum would have probably reached ~$2000 by now.

But this was always to be expected from such a coin. Ether had its intrinsic value in being the fuel to power dapps and transactions, and secure different networks but the flood of ICOs raising money in ETH basically spelled the death of Ether,,, at least temporarily. Not a single person can say that $1400 was an appropriate price for ETH, not at the time, Today at least we see a more reasonable estimation, and now, when news like this French bank taking it on become the norm, then we can see a gradual and reasonable increase in value.

[Wittny]

This is a very good news for all cryptocurrency fans, it seems banks are now adopting blockchain innovation, and is a very good improvement for cryptocurrency and an assurance cryptocurrency future is bright.