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Topic: Spanish BANK to invest in bitcoin startup (Read 1304 times)

hero member
Activity: 1106
Merit: 527
November 18, 2014, 11:30:57 PM
#10
all banks in spanish, or one bank?
sr. member
Activity: 476
Merit: 250
November 18, 2014, 11:12:04 PM
#9
It's true? No attention? Good News.
legendary
Activity: 1512
Merit: 1005
November 18, 2014, 10:59:47 PM
#8
How does it compare to localbitcoins?
staff
Activity: 3472
Merit: 6129
November 18, 2014, 02:00:27 PM
#7
Well that's some nice big news Grin I really would like to see Bitcoin growing on the Arab world tho  Cry
legendary
Activity: 1148
Merit: 1010
In Satoshi I Trust
November 18, 2014, 01:21:17 PM
#6
thats a big news but many people missed that i guess


@Bitcoinpro

never heard of this one. maybe coindesk and others will pick that.
member
Activity: 124
Merit: 11
November 18, 2014, 08:48:02 AM
#5
If I never need to cash out my Bitcoin i'll gess I would trust a bank that does stuff like this for Bitcoin. Otherwise its too much risk to get your account frozen.
legendary
Activity: 2436
Merit: 1561
November 18, 2014, 08:27:15 AM
#4
it says in one of these

http://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/Digital_currency/Submissions

In Korea, one of the jurisdictions we are considering moving our operations to, the five largest banks got
together to provide early-stage funding directly to digital currency companies. They did so because they
recognize the enormous cost-savings advantages these new technologies will give them. By contrast,
Australian banks have uniformly turned down any involvement with our company, citing the regulatory
restraints imposed by the Australian Government. As a result Australian citizens and companies will be
forced to buy the future of money from the Koreans, just as they do with cars, and TVs, and phones, and
computers. Perhaps the Government can just issue high school graduates with a shovel and a surfboard,
for that will be all they’ll ever need.


Thanks for sharing. Someone made a good comment. But is this part confirmed?:
Quote
the five largest banks got together to provide early-stage funding directly to digital currency companies

Sounds like a huge news, but I don't recall reading about that anywhere.
hero member
Activity: 574
Merit: 500
November 18, 2014, 08:12:09 AM
#3
Good. Even the bank is investing bitcoin startups, means he accepts the bitcoin technology at some extent. Another one is the bank still don't want to miss the good opportunity of bitcoin investing.
legendary
Activity: 1344
Merit: 1000
November 18, 2014, 01:33:55 AM
#2
it says in one of these

http://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/Digital_currency/Submissions

In Korea, one of the jurisdictions we are considering moving our operations to, the five largest banks got
together to provide early-stage funding directly to digital currency companies. They did so because they
recognize the enormous cost-savings advantages these new technologies will give them. By contrast,
Australian banks have uniformly turned down any involvement with our company, citing the regulatory
restraints imposed by the Australian Government. As a result Australian citizens and companies will be
forced to buy the future of money from the Koreans, just as they do with cars, and TVs, and phones, and
computers. Perhaps the Government can just issue high school graduates with a shovel and a surfboard,
for that will be all they’ll ever need.

legendary
Activity: 2436
Merit: 1561
November 17, 2014, 06:06:45 PM
#1
Thats rather unexpected.

Quote
Spanish Bank Backs Decentralised Bitcoin Exchange Coinffeine

Spanish bank Bankinter has made an investment in Coinffeine, a bitcoin startup launched in June by four engineers aiming to create a new distributed exchange platform.

The investment, made through the Bankinter Innovation Foundation, is one of the first in the bitcoin ecosystem, according to the bank.

Coinffeine is developing a distributed platform for the exchange of fiat money by cryptocurrencies in a secure and anonymous environment. It is designed to let users send fiat money and transfer bitcoins outside banks in a peer-to-peer (P2P) fashion.

http://www.coindesk.com/spanish-bank-backs-decentralized-bitcoin-exchange-coinffeine/
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