[2015-07-03] BNP Paribas Research: “The internet of money”

[LiteCoinGuy]

Bitcoin: What you didn't know but always wanted to ask

A new technology for the banking world: “The internet of money”

In 2008, an individual or group writing under the name of Satoshi Nakamoto published a paper that described a peer-to-peer version of electronic cash that “would allow online payments to be sent directly from one party to another without going through a financial institution”. The first implementation of this concept is known as Bitcoin. Today, ‘crypto-currencies’ is the label used to describe all networks and mediums of exchange that use cryptography to secure transactions – as opposed to systems in which transactions are secured through a third party, such as a bank.

http://securities.bnpparibas.com/quintessence/hot-topics/beyond/bitcoin-and-blockchain-what-you.html

[botany]

BNP Paribas was one of the bidders in the fed auction for Silk Road bitcoins (courtesy - leaked mail addresses )
So I am not surprised.

[tyz]

I did not know that a bank has bidden for the Silk Road Bitcoins   Was it the only bank or were there some others? i would not be surprised when Goldman Sachs would a bidder, too.

BNP Paribas was one of the bidders in the fed auction for Silk Road bitcoins (courtesy - leaked mail addresses )
So I am not surprised.

[LiteCoinGuy]

http://www.coindesk.com/bnp-paribas-blockchains-will-destroy-or-rebuild-securities-services/

[LiteCoinGuy]

http://uk.businessinsider.com/bnp-paribas-bitcoin-blockchain-securities-firms-redundant-2015-7