Ex-Citigroup CEO Vikram Pandit: Digital Currencies are Spawning Innovation
Former Citigroup chief executive Vikram Pandit has come out in favour of digital currencies, stating they have potential to change the world. Speaking in an interview with Bloomberg TV, Pandit said he is interested in the emerging technology as a source of innovation that could eventually make its way into the traditional financial sector. "I am a believer in the fact that whether it is the virtual currency or the services around virtual currencies do have the promise of changing the world," he said. He went on to argue that digital currencies could leave their mark on other currencies and....
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A former CEO of Citigroup said that every major bank and securities firm will consider crypto trading or services within one to three years. He also hopes that central banks worldwide will adopt digital currencies.
Former Citi CEO Expects All Major Banks to Embrace Crypto in 1-3 Years
Indian-American banker Vikram Pandit, a former CEO of Citigroup, talked about the outlook for cryptocurrency and central bank digital currencies (CBDCs) at the Singapore Fintech Festival event last week.
Pandit became the CEO of Citigroup in December 2007 and led the U.S. bank during the....
Coinbase announced the completion of a $75MM Series C round this week, at an approximate valuation of $400MM. This is the largest funding round of any bitcoin company to date, and puts the amount of VC money invested into the bitcoin ecosystem for 2015 at 25% of 2014’s total already (around $300MM last year). Video: CEO Brian Armstrong talks about the....
On January 20th, America’s largest bitcoin exchange, Coinbase, closed its largest funding round yet. The company raised $75 million in a Series C funding round from numerous high level investors, including the New York Stock Exchange (NYSE), Citigroup CEO Vikram Pandit, Spanish bank BBVA, military financial services provider USAA, and Japanese telecom DoCoMo. The round was led by Bitcoin-friendly venture capitalist group, Draper Fisher Jurvetson (DFJ) Growth Fund, which Tim Draper, bitcoin investor and Silk Road Action winner, is a partner of. Other bitcoin seasoned venture capitalists....
Australia's second-largest bank Westpac has directed its venture capital fund, Reinventure Group, to invest in Coinbase, a San Fransisco-based Bitcoin startup. It is believed that the aforementioned vertical has joined the Coinbase's $75 million funding round, the same which received support from some of the biggest financial sharks, including New York Stock Exchange (NYSE) and Citigroup's former CEO Vikram Pandit. In the latest Series C funding, Reinventure Group was joined by renowned venture capitalists like Draper Fisher Jurvetson, Andreessen Horowitz, Robbot Capital and Union Square....
Coinbase has raised $75m as part of a Series C funding round backed by a host of impressive first-time bitcoin investors including the New York Stock Exchange (NYSE), Fortune 500 financial services group USAA, Spanish megabank BBVA and Japanese telcom giant DoCoMo. The round, which smashes the previous record for a bitcoin company, was led by Draper Fisher Jurvetson (DFJ) Growth Fund, of which noted bitcoin investor Tim Draper is a partner, and included long-time bitcoin-friendly investment groups Union Square Ventures, Ribbit Capital and Andreessen Horowitz. Former Citigroup CEO Vikram....