21.12.2016

BNP Paribas applies blockchain payments in real time

400BNP Paribas, the French multinational bank and financial services company, announced today that it has processed several live payments for Panini Group, an international leader in collectibles and trading cards and Amcor, a global leader in packaging solutions, using blockchain technology. It processed and cleared for payments in various currencies between bank accounts located in Germany, the Netherlands and the United Kingdom.

The payments were fully processed and cleared in a few minutes, which BNP Paribas says highlights the real potential of this innovative technology which eliminates delays, unexpected fees and processing errors, paving the way for real time cash management.

"The payments were fully processed and cleared in a few minutes highlighting the real potential of this innovative technology which eliminates delays, unexpected fees and processing errors, paving the way for real time cash management," BNP Paribas said in a statement.

The project is part of the bank’s “Cash Without Borders” proof-of-concept (PoC) that was launched in 2016. In September, BNP Paribas went on the record about new products and services being co-developed with its long-standing corporate clients, using the distributed ledger technology (DLT).


Events


Semptember 2015
  • 23
    Aug

    Regulierung – seit der Finanzkrise prägt der Ruf nach mehr Kontrolle das Banking: Wegen regulator

  • 24
    Aug

    Die Fonds-Konferenz der SKSF ist eine wichtige, branchenspezifische Plattform für Wissens- und Erfa

  • 02
    Sep

    2 evenings to find out about the latest from the digital industry & 2 days to find ideas and to crea

  • 11
    Sep

    ICDA will return this year to its alpine home for the 38th Bürgenstock Meeting.

  • 12
    Sep

    The objective of the Conference is to bring together all the diverse stakeholdersinterested in a pol

See All

newsletter

Updates and news from MarketPlus

Market Overview
SMI® PR8996.770,65 %
LYXOR DAX INAV117.5250,39 %
FTSE MIB Index21550.670,43 %
FTSE 1007459.440,33 %
CAC 405188.590,53 %
S&P 5002479.830,11 %
NASDAQ Composite6426.69240,23 %
HANG SENG INDEX26941.020,33 %
Powered by Yahoo Finance