Banking Giant Citi Taps Coinbase to Turn Stablecoins Into Cash
Citigroup is teaming up with Coinbase to let corporate clients accept stablecoin payments without having to handle the tokens themselves. Coinbase will provide the blockchain infrastructure, while Citi converts incoming payments into traditional currency and handles settlement, according to a report from the Wall Street Journal. The arrangement builds on a partnership announced in October […]
Key Takeaways
- Citigroup is teaming up with Coinbase to let corporate clients accept stablecoin payments without having to handle the tokens themselves.
- Coinbase will provide the blockchain infrastructure, while Citi converts incoming payments into traditional currency and handles settlement, according to a report from the Wall Street Journal.
- The arrangement builds on a partnership announced in October […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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