Dutch Bank’s Innovation Chief Dismisses Bitcoin

The head of innovation at ABN Amro has said the Dutch state-owned bank wants to stay away from bitcoin, but is interested in blockchain technology.
According to a report, Arjan van Os, the head of the bank’s innovation centre, cited the bitcoin’s associations with drug trafficking and illicit activities as the reason behind the bank’s decision to distance itself from the digital currency.
He said:
“We want to prevent bitcoin’s poor image reflecting on what we do with the blockchain, it’s underlying technology. We see many opportunities [in the blockchain]. Bitcoin itself is outmoded.”

This post was published at Coin Desk on September 30, 2015.