U.S. multinational bank Citigroup is going to enable investors to work on cryptocurrency markets without actually having to own cryptos.
IBM, CLS, and nine financial institutions are testing a new platform which can make it easier for banks to access distributed ledger technology (DLT) solutions from fintech and software providers.
While U.S. and European banks ban buying bitcoin with credit cards, Australia’s biggest banks have confirmed that they are not barring customers from purchasing cryptocurrencies.
Owing to the risks of over buying and purchasing, banks across the U.S and Europe and banning crypto purchases through credit cards.
The blockchain holds huge promise for the future of the financial industry, with the world’s leading organizations developing solutions based on the bitcoin technology.
Citigroup Inc. states the initiative demanding the Swiss National Bank to store part of its assets in gold is senseless as it has no intrinsic value and is too costly to store.