Business Schools Partner With Citi, MasterCard In Digital Currency Frenzy
Imperial College Business School in London has teamed with Citigroup Inc. to explore digital currencies, following similar partnerships between other schools and MasterCard and Santander, according to BusinessBecause, a news site for business schools. Imperial College is among those teaching MBAs about cryptocurrency and has also announced the opening of a center for global finance and technology. Interest is running high among MBA students at many schools. Harvard, Stanford and MIT Sloan have seen bitcoin MBA clubs emerge. New York University’s Stern School and Duke University’s Fuqua....
Related News
The United Kingdom, is often one of the friendlier places when it comes to Bitcoin legality, especially when compared to US regulation, such as the New York BitLicense. Citi, a global banking and financial corporation, recommended that the UK take its acceptance one step further with the creation of a UK cryptocurrency. In a document submitted by Citi to the British government, Citi noted the risks involved with digital currency. However, Citi also mentioned the untapped possibilities that digital currencies like Bitcoin can offer:
Citi GPS, an operation operated by multinational financial outfit Citi, has come out with a report that looks at the institutional environment, enabling infrastructure, solution provisioning and propensity to adopt digital money to measure the readiness for digital money in a number of countries. The report also quantified the benefits of digital currency adoption for businesses, individuals and governments. The countries that are the most
Around the same time as Accenture's call for the UK government to regulate bitcoin wallets, Citi suggested that officials should look into creating their own digital currency. This has been revealed in the Treasury's release of a document entitled "Digital Currencies: Response to the Call for Information". This report summarizes all the submissions received by the government after it urged the public to assist them in understanding the workings of the digital currency industry. The Treasury received more than 120 responses and has outlined the proposals and the government's next steps.....
Citi has told the UK government it should consider creating its own digital currency, a newly obtained document has revealed. The document, a response to the Treasury's call for information on digital currency, was obtained by CoinDesk via a Freedom of Information request. In the response, the global bank's Treasury and Trade Services (TTS) Technology and Innovation Team states: "The greatest benefits of digital currencies can be realised through the government issuing a digital form of legal tender. This currency would be less expensive, more efficient and provide greater transparency....
Mainstream adoption is within Bitcoin's grasp, according to Citi analysts. The world’s largest cryptocurrency, Bitcoin (BTC), is at a defining moment in history, according to analysis from American investment bank Citigroup.Bitcoin is now at a “tipping point” to either become the preferred currency for international trade or face a “speculative implosion,” Citi analysts reportedly said.According to a Reuters report Monday, Citi analysts are confident that Bitcoin is on the cusp of going mainstream. According to the report, Bitcoin’s tremendous potential has been fueled by recent big....