Figure CEO Explains Why Blockchain’s “Truth over Trust” Model Makes Tricolor-style Failure Impossible
Michael Tannenbaum, CEO of Figure (NASDAQ:FIGR), has recently noted that Tricolor bankruptcy made headlines and for “good reason.” The Texas-headquartered auto lender had allegedly “double-pledged” hundreds of millions of dollars in car loans to various banks like JPMorgan and Fifth Third. What appeared to be a… Read More
Read more in: Blockchain & Digital Assets, Global | Tagged auditing, banking, dlt, figure, financial records, michael tannenbaum