Plan to Launch Citicoin Cancelled

Plan to Launch Citicoin Cancelled

Citi Innovation Lab has cancelled its plan in launching its own cryptocurrency, Citicoin in collaboration with JP Morgan Chase. The head of Citi’s Innovation Lab, Gulru Atak commented, “Our focus is currently more in the trade space and trade finance and trade letters of credit. We are experimenting with this technology, but probably we are a little bit, like, reserved when it comes to making bold public announcements.”

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