Several Spanish banks have joined forces to complete the testing strategy to ensure that performing the smart contract on the network blockchain will result in better payouts.

According to Finextra, several Spanish banks, including Banco Sabadell, Banco Santander, Bankia, BBVA and CaixaBank, have implemented new strategies that enable payments by entering into smart contracts on the blockchain network. The initiative, co-sponsored by Iberpay, a Spanish payment company (SNCE), confirmed the feasibility of blockchain technology for the payment platform through experimental and affordable payments to decide when certain pre-arrangements are fulfilled, such as signing a contract. can run. Or pay after delivery.