BBVA Closes A Loan Deal Worth $170 Million Using Blockchain Technology

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On December 14, Banco Bilbao Vizcaya Argentaria reports that this dollar loan deal between Porsche Holding Salzburg and the bank will help the Volkswagen subsidiary. Moreover, this subsidiary can now join strategic acquisitions holding in Europe along with Asia retail distribution markets.

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The news report also states this acquisition loan is a first-ever loan facility by BBVA which incorporates a non-Spanish borrower over blockchain. However, BBVA has been working on a nascent <a…

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