One of the largest banks in France issues a token on Ethereum blockchain - page 2.

GhostWithin

full member

Activity: 644

Merit: 145

Quote from: marcbitcoins on May 06, 2019, 01:55:37 AM

Quote from: kingplaya4 on May 04, 2019, 07:28:04 AM

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?

As Bitcoin and the Crypto currencies are legal in France in which the government imposed only a small Bitcoin tax on every direction that the bank see this more favorable in the banking system therefore for me it will be a big deal because it will benefits both the crypto market and the bank itself as many people are now joining the crypto currencies investment.This is a good development in favor of Crypto currency as it might trigger the bullish run.

Good news, no doubt. But it won't turn on the bull market trigger.
Too little for this, but enough to understand that the cryptocurrency world will eventually be adopted by the financial system.
Events like Bakkt, Bitcoin ETF are more suitable for the bull market trigger. People have high expectations from them

marcbitcoins

full member

Activity: 854

Merit: 108

Quote from: kingplaya4 on May 04, 2019, 07:28:04 AM

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?

As Bitcoin and the Crypto currencies are legal in France in which the government imposed only a small Bitcoin tax on every direction that the bank see this more favorable in the banking system therefore for me it will be a big deal because it will benefits both the crypto market and the bank itself as many people are now joining the crypto currencies investment.This is a good development in favor of Crypto currency as it might trigger the bullish run.

tsaroz

legendary

Activity: 2982

Merit: 1069

Quote from: kingplaya4 on May 04, 2019, 07:28:04 AM

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?

Great to see European finances leading crypto development. European nations have shown a greater degree of crypto acceptance through the level of government.
Switzerland, Malta, Estonia, Luxembourg all have some project that are making a difference.

H1N1

full member

Activity: 812

Merit: 100

Quote from: kingplaya4 on May 04, 2019, 07:28:04 AM

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?

If Societe Generale Bank really want to using the Ethereum network and issuing a new token for their architecture,
the Ethereum value maybe only rise slightly. I think the more peoples and companies using cryptocurrency, the more value it will have.

kindbtc

member

Activity: 1008

Merit: 12

SAPG Pre-Sale Live on Uniswap!

Although it is just an internal coin for bank but yes i would say this will help boost eth because each transaction will yield some fee for eth network and bring more liquidity for eth network secondly such news are overall positive for market as they indicate mass acceptance and adoption happening slowly but surely.

Wale777

jr. member

Activity: 336

Merit: 1

Big financial institutions adopting blockchain technology is great because its a boost to cryptocurrency because the more big institutions adopting Crypto, the more regulated it'll be. And what implication this will have on ETH I don't know because ethereum have been crawling since bitcoin have picked in price, I hope this move by this one of the largest bank in France to join the ethereum blockchain will be of positive

Awesomus Maximus

member

Activity: 392

Merit: 66

This news needs clarification: The point is that the Societe Generale (French bank) bank issued just one bond to itself. No other investors but the bank:

Quote

However, according to a report published Tuesday by bond rating agency Moody’s Investors Service, Societe Generale was “the sole investor,” meaning the firm issued the securities to itself and no outside buyers were involved.

Check the full news for yourself here: https://www.coindesk.com/french-lender-societe-generale-issues-112-million-bond-on-ethereum

semes

member

Activity: 713

Merit: 31

Quote from: kingplaya4 on May 04, 2019, 07:28:04 AM

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.

AgentZero23

member

Activity: 644

Merit: 10

More banks are now seeing the benefits of using blockchain technology and using Ethereum blockchain is smart decision. Ethereum is more matured and having the largest developers and majority of startup companies are using Ethereum blockchain. These will have a significant impact in ether price in a long run.

okala

full member

Activity: 980

Merit: 114

Quote from: kingplaya4 on May 04, 2019, 07:28:04 AM

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?

Banks are gradually moving towards the adoption of the blockchain and very soon once the have the right team they may created they own blockchain instead of relying on the ethereuem blockchain for they token operations. But I don't think this will add much to the ethereuem market because it not a direct investment in the ethereuem market.

Adriano2010

hero member

Activity: 1414

Merit: 516

I think they launch it to help track better with blockchain technology and they will maybe launch own blockchain after some time if they see after how works and in future more banks will use blockchain technology.

kingplaya4

jr. member

Activity: 86

Merit: 3

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?

Topic: One of the largest banks in France issues a token on Ethereum blockchain - page 2. (Read 222 times)