100 IPads Used To Cut Greece Debts

Posted: May 22 2012, 8:19am CDT | by , in News | Apple


100 iPads used to Cut Greece Debts

A fine success story of the iPad used in Financial business. The Apple marketing guys will read this story with a big grin over morning coffee.

Philip Elmer-DeWitt at Fortune has filed a report today about how 100 iPads where used to reduce the debt of Greece by $140 billion. Bob Apfel runs Bondholder Communications Group and was tasked to manage the restructuring of Greece' debt by about 100,000 bondholders.

He decided to buy 100 iPads and develop a custom app to help bondholders make their decisions.

"It was the largest financial transaction in the history of the world," says Apfel. "And we couldn't have done it without the iPad."

Read the full story on Fortune

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The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.




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