Citi's Blockchain Token Platform Powers 24/7 Cross-Border Payments
In a significant stride towards modernizing global financial infrastructure, Citi has announced the integration of its cutting-edge blockchain-based token services platform with its established clearing solution. This strategic move is poised to revolutionize cross-border payments, offering institutional clients an unprecedented capability for 24/7, multibank instant transactions. This development underscores Citi's commitment to leveraging innovative technology to meet the evolving demands of an "always on" global economy. The Dawn of 24/7 Cross-Border Payments Citi's integration aims to create a seamless, real-time payment experience, initially targeting institutional customers in the United Kingdom and the United States. This innovative solution, touted by Citi as an industry first, addresses the traditional limitations of banking hours and geographical boundaries, paving the way for truly instantaneous financial flows across borders. The underlying blockchain techn…