The European Investment Bank (EIB) will sell bonds on the Ethereum blockchain worth 100 million euros and will do so through the Ethereum network.
The institution in charge of European Union loans announced on April 27 the issuance of its first bond on the Ethereum Blockchain. This bond has a value of 100 million euros and will expire on April 28, 2023.
Investment banks Goldman Sachs, Banco Santander and French bank Société Générale will oversee the sale of the bond, which will be governed by French law.
This news of the use of the Ethereum network for the issuance of European bonds has caused the price of this cryptocurrency to have an increase of more than 11% since Tuesday the 27 when the EIB released the news.
Conclution
More and more centralized institutions try to implement the digitization of their assets by seeing how people put more trust in them (Bitcoin) than in physical money. Although people prefer Bitcoin more because it is decentralized and they use it as a store of value. These banking institutions want to make people put their trust in their digital assets, something that I see very difficult to happen and that in the near future people will begin to transfer a large part of their capital in dollars and euros to Bitcoin. This can make them feel a little more secure in the face of any economic problems that may arise in these post-pandemic years.
You can leave your opinion in the comments about the success that these initiatives by banking institutions worldwide may have and if you would be willing to put your capital or part of your assets in their hands with the background that we have had in crisis financials such as 2008.
