Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

Billon will be first to digitise Euro in DLT in cooperation with Raiffeisen Bank International
  • USA - English

Billon was selected to participate in the Elevator Lab Partnership Program organised by Raiffeisen Bank International. The awarded idea, presented during the final qualification round on 17 October 2019 in Vienna, is a distributed ledger technology (DLT) based digital cash platform enabling transactions with tokenised euro stored on blockchain.


News provided by

Elevator Lab

Nov 06, 2019, 13:00 ET

Share this article

Share toX

Share this article

Share toX

Warsaw / London, Nov. 6, 2019 /PRNewswire-PRWeb/ -- - Billon will participate in the Elevator Lab Partnership Program organised by Raiffeisen Bank International (RBI).

  • The Polish-British fintech is one of six companies selected from a group of over 280 applications.
  • Supported by RBI experts, Billon will develop a PoC of a distributed, digitalised cash platform using tokenised euro on DLT.
  • In March 2020 Billon will present the complete solution to the bank.

Warsaw / London, November 5, 2019. Billon was selected to participate in the Elevator Lab Partnership Program organised by Raiffeisen Bank International. The awarded idea, presented during the final qualification round on 17 October 2019 in Vienna, is a distributed ledger technology (DLT) based digital cash platform enabling transactions with tokenised euro stored on blockchain.

In the Elevator Lab program, Billon will demonstrate its proven technology, showcasing the capability to mint, transfer and redeem regulated currency on a distributed ledger. The Polish-British fintech will work with RBI to use the platform for interbank or intercompany transfers of funds and settlement with digitised euro. Later, the scope of work can be expanded with mass payouts of funds from corporates to individuals, merchant accounts for e-commerce and e-money accounts for individual customers

"Participation in the Elevator Lab program is a chance to forge a partnership with a large international finance institution and a leading bank in Central and Eastern Europe, something that Billon aspired to since the company was created. Seeing RBI's eagerness to implement innovative technologies, I am confident this collaboration will have a very strong and positive effect on our business," says Wojtek Kostrzewa, CEO of Billon Group.

The Elevator Lab program seeks partnerships with the best fintech startups operating in central and eastern Europe and offering, among others, fintech and AI solutions. This year, over 280 companies registered for the third edition of the program. In addition to Billon, five companies finally qualified to the acceleration phase: Uhura Solutions from Montenegro (using AI to verify and draft contracts), imVision from Israel (an API security platform), Minna from Sweden (subscription management for online banking systems), Quantoz from the Netherlands (blockchain payments for IoT devices), and Nayax from Israel (cashless payments).

"We have selected Billon as an Elevator Lab participant because Raiffeisen Bank International is interested in applications of the distributed ledger technology. Over the next months, we will be testing Billon's solution and evaluating the potential added value for our customers," says Maximilian Schausberger, head of fintech partnerships at Raiffeisen Bank International.

In the next few months, companies participating in the partnership program must create a proof of concept, showing that their technology can work with RBI's systems and processes and generate added value for the bank. Billon and other finalists will present their PoC in Vienna on Demo Day, scheduled to take place on March 5, 2020. On this basis, RBI will evaluate possible cooperation.

"In the following months, we will take part in monthly acceleration workshops in Vienna. This will help us adapt our idea to the bank's internal structure and regulatory requirements in Austria," adds Wojtek Kostrzewa.

About Billon
Billon created the first enterprise DLT system, unifying national currency transactions, document management, and identity management into a single architectural system. We first solved the challenge of transacting micropayments at scale, and we also now encrypt documents and data on-chain, unleashing the transformational capacities of DLT in the regulated world. Billon's high-performance DLT system is designed to deliver tangible business results in the areas of Account & Transactions, Trusted Documents, and Identity & Data Sharing.

Billon was founded in the UK in 2015, following several years of R&D in Poland. Its unique DLT protocol has been supported by many R&D grants, including the EU Horizon 2020 program. Billon is licensed to issue electronic money by regulators in the UK and Poland and employs a global team of more than 80 professionals in its two offices in London and Warsaw.

Billon actively works to implement its technology commercially with leading business partners, such as FIS in the US and BIK (the Polish credit office) in Poland. In 2018, the company won the Global FinTech Hackcelerator competition at the Singapore FinTech Festival, showcasing a solution to zero-cost blockchain micropayments. Billon is currently taking part in the Elevator Lab accelerator by Raiffeisen Bank International, working on e-money transactions with digitised euro on DLT.
For more information, visit http://www.billongroup.com.

About Elevator Lab
Founded in 2017, the fintech partnership program of RBI focuses on innovative ideas and solutions in the areas of Advanced Analytics & Artificial Intelligence, RegTech, Large Corporates & Institutional Clients, Payments and Transaction Processing for Mobility Services, Retail Banking, SME Banking, Cyber Security and FX Solutions. The largest program of its kind in CEE aims at long-term cooperation with these fintechs. For more information, visit elevator-lab.com.

Media contact:
Maciej Józefowicz
Head of PR & Communication
[email protected]
tel. 0048 734 443 023

SOURCE Elevator Lab

Modal title

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.