ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.


24hr ---

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story


Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
Ether Price Analysis
Contact Us

BBVA Issues Porsche Corporate Loan Via Blockchain




The bank has used blockchain tech to facilitate various types of corporate loans in the past.

Leading sports car manufacturer Porsche and financial services group Banco Bilbao Vizcaya Argentaria (BBVA) announced the closing of a €150 million (approximately $170 million) corporate loan using the Spanish bank's blockchain platform.

The loan, which BBVA claims to be the "first acquisition term loan ever arranged through blockchain technology" was granted to Porsche Holding Salzburg, Europe's largest automotive distributer. The loan will facilitate the "strategic acquisitions in the retail distribution network in Europe and Asia."

Porsche is now the first non-Spanish company to use the BBVA's blockchain to close a corporate loan.

In April, BBVA announced it had completed a €75 million "global corporate loan transaction" using blockchain from start to finish. During this pilot test, BBVA partnered with global technology and consulting company Idra to see if blockchain tech could increase the transparency related to the corporate loan process.

In May, BBVA partnered with Japan-based Mitsubishi UFJ Financial Group (MUFG) and France's BNP Paribas to complete a €150 million loan that was granted to Spain's national electrical grid operator, Red Eléctrica Corporation.

While BBVA claimed the Red Eléctrica Corporation loan be the first "blockchain-based syndicated loan arrangement" and that it was the first time a real-life deal was completed, that deal actually took place on the Ethereum testnet instead of the mainnet.

Going forward, BBVA is looking to use blockchain technology to increase the usefulness and transparency of its "core products," such as corporate financing, and develop a "Do It Yourself (or DIY) financing model for its business and corporate clients."

Nathan Graham

Nathan Graham lives in Sparks, Nevada, with his wife, Beth, and dog, Kyia. Nathan has a passion for new technology, grant writing, and short stories. He spends his time rafting the American River, playing video games, and writing.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Porsche, Red Eléctrica Corporation or other Ethereum business and finance news.