Citigroup has been conducting research on payments in Kenya without checking accounts , installing blockchains within the currency , and test - currency to run across them . Citi Innovation Labs have constructed three blockchains and a test currency using blockchain and ledger technology . Citi has also been exploring payments in a cross boarder capacity , as well as the regulatory environments across various jurisdictions aiming to shrink transaction days to occur in a transparent way that potentially eliminates counterparty risk .
Citigroup has been conducting transactions on mobiles in Kenya without bank accounts, developing blockchains within the bank, and test-coins to run across them. Citi Innovation Labs have constructed three blockchains and a test currency using blockchain distributed ledger technology. Citi has also been exploring payments in a cross boarder capacity, as well as the regulatory environments across various jurisdictions aiming to shrink transaction days to seconds in a transparent way that potentially eliminates counterparty risk.