Hundred iPads Used To Cut Greece Debts

New iPad

This past Tuesday, Philip Elmer-DeWitt at Fortune Magazine has filed a report about how 100 iPads where used to reduce the debt of Greece by $140 billion.

Bob Apfel runs Bondholder Communications Group and was assigned the task 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.

Spfel said:

“It was the largest financial transaction in the history of the world. And we couldn’t have done it without the iPad.”

Never thought iPad could be used to restructure debts. What are your comments on this issue?

Source: i4U

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