Citi Introduces Global Digital Wallet, First Launch in Singapore, Australia and Mexico
As one of the top global banks that has been flirting with Blockchain technology, CitiBank has announced the launch of a digital wallet that will provide its customers with an option for online, in-app and in-store payment needs. The launch of Citi Pay ushers the bank into the mobile wallet market, which is dominated by top brands like PayPal, Apple Pay and Samsung Pay. The wallet, which is the latest digital payments announcement from the bank, will first launch in Singapore, Australia and Mexico with tap and pay capabilities, and a global rollout will follow for customers as a digital....
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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:
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The central banks of Australia, Singapore, Malaysia, and the Republic of South Africa have set out to test the use of state-issued digital currencies in cross-border payments. The trial, led by the Bank for International Settlements, aims to establish whether they can simplify transactions and make them cheaper. Reserve Bank of Australia Teams Up With Counterparts in Asia-Pacific, Africa on CBDC Project While a number of nations are still testing their central bank digital currencies (CBDCs) in domestic applications, some are preparing to conduct international experiments. The Reserve....