This website uses cookies to ensure you get the best experience on our website
Join us on Telegram for FREE daily market updates!
Date:
29th Apr 2021
Author:
Dalmas Ngetich, for CryptoAltum News Team

Ethereum Used by European Investment Bank to Issue $120 Million of Digital Bonds

In a significant sign of adoption and reinforcement of Ethereum as a global settlement layer, the European Investment Bank (EIB) will issue $120 million of digital bonds on Ethereum. The EIB will issue $120 million of digital notes, where among other intermediaries, Goldman Sachs will monitor and manage the sale. 


Details: 

Ethereum is a global smart contracting layer and a reliable public chain used by hundreds of thousands of projects due to its public and secure nature. It remains transparent--a feature attractive to projects, including EIB, which will now issue digital notes openly from Ethereum. Outside of DeFi and NFTs, adoption from financial institutions could portend the beginning of widespread adoption, a boost for ETH prices.


Impact on ETH Prices: 

Bullish. Before EIB, Visa already relies on Ethereum when the platform creators continue in refinement on matters scalability and reduction of transaction fees.


More market news over on our Blog

Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. CryptoAltum only accepts deposits in Cryptocurrencies. By trading with CryptoAltum you acknowledge your understanding of this risk disclosure and your agreement with the Terms and Conditions.
  • Copyright Excel Innovations Ltd (CryptoAltum) 2020