Porsche Arranges $170m Loan Using BBVA’s Blockchain Platform ByMelanie KramerPRO INVESTOR Updated: 20 July 2021 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage Prestige car-maker Porsche has arranged a loan to back its proposed strategic acquisitions using Spanish-bank BBVA’s ever-developing distributed ledger technology (DLT) platform. The loan, valued at €150 million (the equivalent of nearly $170 million USD) is, says a press release from BBVA: “The first acquisition term loan ever arranged through blockchain technology.” Acquisition term loans The post Porsche Arranges $170m Loan Using BBVA’s Blockchain Platform appeared first on CCN Join Our Telegram channel to stay up to date on breaking news coverage
