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Citi develops test cryptocurrency Citicoin

Friday 3 July 2015 10:09 CET | News

Financial institution Citigroup has developed three blockchains and a test cryptocurrency dubbed Citicoin to run across them.

Citis interest into digitalizing payments and transactions has led the bank to focus on five main domains of which the blockchain is just one.

Financial institutions and banks, including the Nasdaq, Santander and UBS, are investigating how they can benefit from distributed ledger technology.


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Keywords: Bitcoin, online payments, digital payments, cryptocurrencies, Citi, Citicoin
Categories: DeFi & Crypto & Web3
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Countries: World
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DeFi & Crypto & Web3