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Citi partners IDB on blockchain-based cross-border payments trial

Editorial | what does this mean? This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Citi partners IDB on blockchain-based cross-border payments trial 4 hours ago 1 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.

Citi Successfully Tests Cross-Border Payments Pilot with IDB Using LACChain

Citi Successfully Tests Cross-Border Payments Pilot with IDB Using LACChain
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