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100 iPads used to Cut Greece Debts

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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