The Estonian central bank has denied statements by Deutsche Bank suggesting that the Estonian banking system relies on blockchain technology to secure information; a TigerDirect spokesman said the company has been thrilled with its decision to accept bitcoin, and more top stories for August 10.
Estonian Central Bank Denies that Blockchain is Broadly Used by Banks
The Estonian central bank has denied statements by Deutsche Bank suggesting that the Estonian banking system relies on blockchain technology to secure information. Piret Putko, a representative of Estonia’s central bank, said that while there is activity among the country’s banks to develop products based on the technology, there is no nationwide effort to broadly integrate banking and the blockchain.
“I guess that blockchain is expected to be put into operation in Estonia soon because one of our banks is developing new products which will be based on blockchain. But, it certainly does not give us the right to say that Estonian banking infrastructure is secured with a blockchain.”
TigerDirect Reports Fantastic Experience and Continued Growth
Online retailer of computers and consumer electronics TigerDirect has been accepting bitcoin for 18 months through BitPay, beginning in January of 2014. Steven Leeds, the head of marketing at TigerDirect