Citi Experimenting With Bitcoin Technology For The Last Few Years!

Citi Experimenting With Bitcoin Technology For The Last Few Years!

Multinational banking giant Citigroup has been looking at Bitcoin's distributed ledger technology for "the last few years" and has amassed a skilled team, Ken Moore, Head of Citi Innovation Labs told IBTimes UK during a tech briefing. Moreover, Citi has constructed three blockchains and a test currency called Citicoin to flow through them; a framework parallel to Bitcoin and the blockchain. Moore confirms that these blockchains and Citicoin are well confined within the group's innovation labs and there is no real money involved as of yet. Since the technology developed by Citi is based on....


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