Citigroup and Coinbase Joined Forces to Enhance Digital Asset Payments
The post Citigroup and Coinbase Joined Forces to Enhance Digital Asset Payments appeared on BitcoinEthereumNews.com.
Key Takeaways: Coinbase partners with Citi to build blockchain-based payment infrastructure to organizations. The global payments are supposed to be made more modern and frictionless with the help of stablecoins and real-time settlement. The fact that the Citi network is that large with Coinbase and its understanding of crypto is a big step towards mainstream adoption of blockchain. Coinbase and Citigroup (Citi) have also announced a historic collaboration to institutionalize payments by using blockchain technology. The partnership is focused on building a quicker, programmed, 24/7 payment channel between the conventional banking and digital assets. Coinbase and Citi Redefining Institutional Finance The partnership will unite Coinbase crypto infrastructure and Citi global payment network that covers 94 markets and 300 plus clearing systems. All of them are aimed at improving the value flow across borders through digital assets and stablecoins. One of the priorities is the system that will convert fiat into crypto and vice versa because the on-ramps and off-ramps should be improved. Old legacy rails like ACH and SWIFT remain a major hindrance to the institutions, which trade around the world and have slow settlement periods. That can be bridged with the use of real time settlement of blockchain. The two companies will have instant, transparent transactions that are 24-hour deliveries. This would allow the treasurers, payment providers and asset managers to move the liquidity in a more effective way despite the operation costs being cut. Read More: Coinbase One Card Now Lets Americans Earn BTC on Every Swipe Coinbase Answers with the Global Presence of Citi Citi explains this as one of its network of networks strategy whereby it is not just stretching its tentacles far beyond the rails, but also blockchain systems. The bank already has an existing customer base of 90% of the top e-commerce businesses in…
Filed under: News - @ October 28, 2025 3:28 pm