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Amid India’s sudden currency reforms, cash is facing a global crackdown as governments move to take control over transactions, the paper in citizens’ pockets.
Citi’s new digital wallet will compete directly with PayPal, Apple Pay and others to provide online, in-app and in-store payment needs.
The WEF was dedicated to the Fourth Industrial Revolution and FinTech. The World’s financial and banking giants again shared their attitude to Bitcoin and Blockchain technology.
Former Secret Service agent Shaun Bridges plead guilty to stealing over US$800,000; a Goldman Sachs global investment research analyst praised blockchain technology, and more news
Greece finance minister, Yanis Varoufakis, resigns after Greece votes 'No'; Mt. Gox Trustee, Nobuaki Kobayashi, extends deadline for filing claims to July 29 and more news
Banking giant Citigroup, has developed 3 blockchains and a test cryptocurrency dubbed 'Citicoin' to run across them.
CitiBank, JPMorgan Chase & Co, HSBC Holdings PLC and Bank of America Corp. are deeply involved in the bribes, kickbacks and laundering money schemes of some top FIFA officials and sports executives.
Israel-based GetGems mobile wallet and messenger app earned the title of the “most visionary social solution” for “instant payments across social platforms” in the Citi Mobile Challenge in Europe.
Leading global bank Citi has called on the government of the United Kingdom (UK) to adopt a digital form of legal tender to reduce the cost of moving money, increase consumer spending and add greater liquidity to the market.
Ahead of Switzerland’s gold referendum this weekend, Citibank has a released a report publicly criticizing both the metal and Bitcoin – with some content being so embarrassing it could be satire.
Uwe Cerron, Irvin Steve Cardenas, Juan Daniel Alvarado, and Daniel Doherty, a fourth student from another college, came together to become finalists in the Citi Mobile Challenge, a global competition that invited developers to reimagine digital banking and present solutions.
Bank of America, one of the world’s largest banks, is bemoaning that it will suffer a loss of US$232 million for the third quarter.
Bitcoin is a “wannabe” asset hindered by price volatility and security concerns, a recent report by Citi’s analysis project said.
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