BBVA to extend blockchain-based Corporate Loan to ACS Group

BBVA to extend blockchain-based Corporate Loan to ACS Group

The Banco Bilbao Vizcaya Argentaria (BBVA) has entered into an agreement with ACS Group, a civil engineering company, for a blockchain-powered loan contract. The BBVA is to provide a long-term bilateral corporate loan worth $117 million to enhance the financial processes of the ACS Group. The blockchain enables the parties to monitor the stages of their contract.

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