Blockchain Landmark Outpaces Financial Regulators

Law360, London (April 21, 2017, 1:45 PM BST) -- Spanish banking giant Banco Bilbao Vizcaya Argentaria SA on Friday became the first bank to use blockchain technology to move money across continents, a fresh sign that banks are outpacing regulators in adapting to financial innovation.

A Spanish bank has notched up a first by using blockchain technology to move money between Spain and Mexico in a matter of seconds. (AP) BBVA worked with Silicon Valley-based blockchain leader Ripple to complete the transfer payments between Spain and Mexico in a matter of seconds, the lender said.

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