Raiffeisen Bank International A.G. will have its own RBI Coin, a next-generation digital cash

Raiffeisen Bank International A.G. will have its own RBI Coin, a next-generation digital cash
In Austria, the crypto exchange Bitpanda and the banking group RBI have joined forces to bring Blockchain to the banking industry.

Raiffeisen Bank International A.G. to this end, it has entered into a partnership with Pantos, an initiative set up by the team behind Bitpanda crypto exchange. After 2.5 years of research and development, this is an important milestone for Pantos, when they can implement their technology on RBI Coin.

RBI is a leading corporate and investment bank, headquartered in Austria, which is operating in 13 markets in Central and Eastern Europe. According to available information, it currently has 46,000 employees, who take care of 16.7 million customers through 2,000 business outlets.

As Europe’s leading investment platform, we’re not only aiming to offer easy access to all kinds of digital assets, but we also want to give something back to the industry. That’s why we conceived Pantos as a major European Blockchain interoperability project together with the Technical University of Vienna to enable token projects to be independent of a specific blockchain.

Blog Bitpanda
The main goal of this partnership is the implementation of Pantos’ Blockchain-interoperability technology on RBI Coin

RBI Coin is a next-generation digital cash solution for interbank and intercompany payments to streamline cash and liquidity management and introduces new banking products to corporate and institutional customers.

Blog Bitpanda

The company also noted that it sees the biggest problem in the fact that we currently have many competing protocols and financial applications running on Blockchain, but the question is how to unify these protocols. This particular question is what Pantos wants to solve and offer a unifying solution for the fragmented Blockchain and cryptocurrency space.

Read also: Kyrgyzstan and fair elections can only be saved by Blockchain, says the acting president

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