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Citi partners IDB on blockchain-based cross-border payments trial
4 hours ago
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Citi Innovation Labs has teamed up with the Inter-American Development Bank (IDB) to test the use of blockchain technology and tokenised money to send payments from the US to Latin America and the Caribbean.
The partners carried out what they call a "successful" proof-of-concept, using the LACChain Blockchain Network to send funds from the IDB headquarters in Washington DC to a recipient in the Dominican Republic.