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Australian Bank ANZ Still Doesn’t Understand Blockchain Technology

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The Australia and New Zealand Banking Group Limited (ANZ) has thrown some serious shade at distributed ledger technology — commonly referred to as ‘the blockchain.’ 


According to the third-largest bank by market capitalization in Australia, legacy financial institutions aren’t exactly under immediate threat from the trustless transactions introduced by Bitcoin (BTC) and its creator, Satoshi Nakamoto.

Maria Bellmas, ANZ Institutional’s associate director of trade and supply chain products, stated:

Blockchain has been the darling of the tech world for some time and increasingly so over the medium term, perhaps in part pushed by scorned crypto fanatics grasping for ...

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