BNP Paribas

From CryptoWiki

(Redirected from BNP)

Basics

"When Rio Tinto sells iron ore to Cargill, the food giant doesn’t pay right away; instead it presents a bank’s letter of credit. BNP Paribas is trying to move letters of credit from paper to a secure distributed ledger. In November 2018 Paribas worked with HSBC Singapore to complete the first fully digitized letter-of-credit transaction. Commodities finance dates back to 4,000 B.C. Sumer, and old-line banks like France’s BNP Paribas dominate. Maintaining a digital edge in this business is a matter of survival. Full profile"

Main Links

Current employees

Key leader: Jacques Levet, head of transaction banking for Europe, Middle East and Africa

Past employees