Italian Banks Switch to Blockchain: Over 100 Institutions Apply the Technology – Coin Idol

Oct 14, 2020 at 13:52 // News

100 banks in Italy applied a blockchain solution

Italy is known for favouring innovative technologies such as blockchain. Now, the country is trying to implement the tech in its banking sector. The Italian Banking Association announced that 100 of the country’s banks have applied the Spunta solution for the banking sector.

As CoinIdol, a world blockchain news outlet, reported, the blockchain-based project called Spunta was initially aimed at facilitating the interbank processes for the institutions to reach reconciliation and avoid unnecessary bureaucracy and red tape. 

The project

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