The Country Austria to Use Ethereum Public Blockchain to Issue $1.35 Bln in Government Bonds

in #ethereum6 years ago

Yesterday, I received astounding news during a seminar:

Austria to Use Ethereum Public Blockchain to Issue $1.35 Bln in Government Bonds.

In an auction next week, Austrias gouvernment wants to issue gouvernment bonds worth of €1.15 billion ($1.35 billion). Bonds are debt obligations. Instead of lending money through selling bonds through banks or the stock market, now the first time a blockchain-based notarization service will be used as part of a Federal Bond Auction in Austria.

I think this news are absolutely great news because it shows that the german speaking countries getting more and more "crypto-fit" as Dr. Julian Hosp (TenX Co-Founder, most important Crypto-Youtuber in the DACH Region) would say.

One of the biggest mainstream newspaper in Austria, published a surprising well researched article on Tuesday.
Kleine Zeitung: https://www.kleinezeitung.at/wirtschaft/5502515/115-Milliarden-Euro_BundesanleihenAuktion_Oesterreich-setzt-auf

A lot of BTC-Media then quoted the newspaper in their articles like
Cointelegraph: https://cointelegraph.com/news/austria-to-use-ethereum-public-blockchain-to-issue-135-bln-in-government-bonds
BTC-echo: https://www.btc-echo.de/oesterreich-leiht-sich-geld-mit-ethereum/

An Article from bitcoin.com is still outstanding because i couldn't find one.
What do you guys think about it? Cryptos are getting more and more recognition these days.

Peter

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