A bitcoin-based blockchain wallet application developed by LHV Bank and industry startup ChromaWay has won the Estonian Banking Association’s 2016 Innovation Award.
The app was selected over of entries by Nordic banks SEB and Swedbank and cross-border money transfer startup Transferwise due to what judge and CEO of Rate Solutions Andrei Korobeinik said in statements was its uniqueness among entrants.
While Korobeinik acknowledged the app might not have yet proved a commercial success, he praised it for working "out of the box" and said that LHV Bank showed courage in embracing blockchain innovation at an early stage.
The wallet was introduced last spring, making LHV Bank one of the first major global banks to announce it was working actively to understand the potential of bitcoin and blockchain technology. The app allows users to exchange digital currencies pegged at a one-to-one rate with the euro.
read further here : http://www.coindesk.com/lhv-banks-bitcoin-app-wins-innovation-award/
Topic: [2016-04-16]LHV Bank’s Bitcoin App Wins Innovation Award (Read 270 times)
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