Blockchain Alternative For Escrow Accounts Developed By Dutch Bank ABN AMRO

Blockchain, Investing, News | February 16, 2018 By:

Dutch bank ABN AMRO will be offering a blockchain alternative to escrow accounts for money-management organizations that need to segregate and lock up client funds during the course of a transaction.

ABN AMRO said the new service will allow every individual client of a non-bank organization to get a bank account with the ABN AMRO Clearing Bank (AACB) via the blockchain.