# Citi and IADB complete cross-border payment pilot with blockchain tech

# Citi and IADB complete cross-border payment pilot with blockchain tech

“# Citi and IADB complete cross-border payment pilot with blockchain tech ” Banking giant Citigroup has successfully completed a proof-of-concept for blockchain-based cross-border payments in collaboration with the Inter-American Development Bank, or IADB. According to a Thursday announcement, Citigroup’s Citi Innovation Labs and the IADB enabled several disbursements from the United States to a recipient…

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# Sweden’s central bank completes first phase of digital currency pilot

# Sweden’s central bank completes first phase of digital currency pilot

“# Sweden’s central bank completes first phase of digital currency pilot ” After completing the first phase of its digital currency pilot project, Sveriges Riksbank has found some critical issues that must be addressed before Stockholmers can buy coffee and kanelbullar with e-krona. In a recent study, Sweden’s central bank presented the first results of its central bank…

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# Indian IT giant Tech Mahindra to launch stablecoin tool for banks

# Indian IT giant Tech Mahindra to launch stablecoin tool for banks

“# Indian IT giant Tech Mahindra to launch stablecoin tool for banks ” Indian multinational technology firm Tech Mahindra is developing a new stablecoin service targeting banks and financial institutions. The tech giant announced Monday that it has entered into an agreement with Dutch blockchain application incubator Quantoz to launch a “stablecoin-as-a-service” tool to reduce…

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# Bakkt launches payments app as institutions compete for crypto assets

# Bakkt launches payments app as institutions compete for crypto assets

“# Bakkt launches payments app as institutions compete for crypto assets ” Major financial institutions are expanding their cryptocurrency services, with Bakkt launching its digital asset payments application for the general public. Bakkt was launched by Intercontinental Exchange in 2018, with the firm offering Bitcoin futures contracts to accredited investors exclusively. The Bakkt App is…

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