Citigroup shows interest in creating sovereign cryptocurrencies
The intention of the company is to develop digital currencies with public institutions that underlie in countries around the world
The largest financial services company in the world, Citigroup, has announced its intention to promote development projects with public institutions with governments around the world in terms of creating digital currencies.
Although no greater detail is yet known of who those governments will be, Citigroup’s intentions are clear and all of them are aimed at commercializing sovereign digital currencies.
“We have been working with governments more or less around the world in terms of creating and trading sovereign digital currencies,” reported Michael Corbat, CEO of Citigroup in an interview.
Corbat further reported that: “some of these currencies will be continuous alternatives, different subscription sources that the crowd can use depending on the underlying nature of what they are.”
For his part, the president of the Federal Reserve System, Jerome Powell, reported in an interview on CNBC: “We have been actively participating with other central banks in the BIS (Sotabanco de Pagos Internacionales, known as the central side of banks) to take this into account and we feel that it has been a very productive collaboration.”
K.Villarroel
Source: towla24
