Citi Is Working on ‘Citicoin’ for Cross-border Payments

By July 1, 2015Bitcoin Business

International Business Times revealed that the global bank Citi is developing blockchains within the bank and test-coins to run across them. Ken Moore, head of Citi Innovation Labs, confirmed that the bank has been looking at distributed ledger technology for the last few years and has amassed a skilled team. They have built three blockchains and a test currency to run across them.

Headquartered in Manhattan, Citi is an American multinational banking and financial services […]

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