Citigroup is an American transnational financial services corporation established in 1812 and headquartered in New York. Citigroup is the fourth largest of the American banks and a systematically important bank for the U.S. and world economy. Citigroup’s revenue is currently more than $71.5 billion. Citibank is a part of Citigroup that specializes on consumer financial services. Some major Citibank branches are the American and Mexican branches, but Citi also has its branches in Russia, India, the UAE and some other countries. Citigroup’s blockchain research and development were some of the first in the banking and financial services sector. Citi and Nasdaq announced an agreement that implemented blockchain in global banking in May 2017. This agreement authorizes Citi to transfer funds into Nasdaq’s blockchain platform that is used for buying and selling shares of private companies.
Trading, financing and custody services are being pursued by the investment bank.
Citigroup considers crypto amid surge in customer demand on Wall Street
IADB disbursed tokenized funds to a recipient in the Dominican Republic using the LACChain blockchain network.
Citi and IADB complete cross-border payment pilot with blockchain tech
Bullish maneuvers from MicroStrategy, Goldman Sachs and Citigroup are just a few of the factors backing Bitcoin's rally back to $50,000.
Bitcoin price hits $50K after bullish outlook from Citigroup and Goldman Sachs
Mainstream adoption is within Bitcoin's grasp, according to Citi analysts.
Bitcoin is at a ‘tipping point’ in international trade, Citi says
Motley Fool analysts think this smallcap bank stock might be the next to benefit from Bitcoin's surge
After Microstrategy downgrade, analysts recommend smallcap crypto-centric bank
MicroStrategy was downgraded to "sell" from "neutral" on Tuesday.
Citi downgrades MicroStrategy stock after bold Bitcoin bet
But only for vendors, so retail users will have to wait.
Stripe will offer bank accounts, with help from Goldman Sachs and Citi