ABN AMRO identifies an alternative for Escrow Accounts

ABN AMRO identifies an alternative for Escrow Accounts

The Dutch Bank ABN AMRO presented blockchain based bank accounts that would replace escrow accounts. The blockchain based bank accounts would drop down the administrative costs by eradicating ‘escrow account management accounts.’ The blockchain would be adopted by the Nxchange, a FinTech stock exchange based in Amsterdam.

Leave a Reply

Your email address will not be published. Required fields are marked *