Express

Citibank Had Planned Cryptocurrency Like JPM Coin And Gave Up Finally

Liang CHE

Summary: JPMorgan recently developed a bank-backed cryptocurrency program, but another large institution, Citibank, first tested cross-border payments with tokens in 2015. The project, code-named "Citicoin" at Citibank's Innovation Lab in Dublin, has never been officially announced by banks, even if it is only used as a concept note, the idea of the project is to simplify ...

JPMorgan recently developed a bank-backed cryptocurrency program, but another large institution, Citibank, first tested cross-border payments with tokens in 2015. The project, code-named "Citicoin" at Citibank's Innovation Lab in Dublin, has never been officially announced by banks, even if it is only used as a concept note, the idea of the project is to simplify the cross-border payment process. Therefore, it has obvious similarities with the highly touted JPM Coin.

Last Update:

Tags: ,,
Link: Citibank Had Planned Cryptocurrency Like JPM Coin And Gave Up Finally   [Copy]
Next:

Related Articles

  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 10 hours ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 4 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 7 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 11 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 13 days ago

    • You need to login to comment.