Editorial | what does this mean?
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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.
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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 in the Dominican Republic, using the LACChain blockchain network a proprietary effort by IADB’s regional program LACChain.
As part of the project, the IADB deposited tokenized funds denominated in U.S. dollars in a Citi account and transferred the funds using digital wallets, IADB’s blockchain specialist and LACChain technical leader Marcos Allende explained. “After tokenized, these funds were converted to local currency Dominican pesos with the exchange rate established by Citi,” he said.
5 things we’ve learned after one year of working from home
2 hours ago54 Views
To mark one year of working from home, we asked members of the Silicon Republic community to share some of the biggest lessons they’ve learned.
A whole year has gone by since the Government told employees across Ireland to work remotely to help minimise the spread of Covid-19. Now, as it looks like working from home could be here to stay, it’s important that we reflect on what we’ve learned over the past 12 months.
So, we asked some of the people in the Silicon Republic community – people leaders, directors, managers and more – for their thoughts.