Citi Innovation Labs has been conducting transactions on mobiles in Kenya without bank accounts, developing blockchains within the bank, and test-coins to run across them. Citigroup 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.
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.