Citigroup: "Infrastructure to Integrate Bitcoin (BTC) into the Existing Financial System to Launch by Year-End"
Summary
- Citigroup said it plans to unveil infrastructure by the end of this year to integrate Bitcoin (BTC) into the existing financial system.
- Citi said it plans to build infrastructure that allows Bitcoin to be used within traditional financial networks, strengthening connectivity between the banking system and BTC.
- It was reported that formalization of BTC integration infrastructure by a major global bank could accelerate digital asset adoption within traditional finance.
Forecast Trend Report by Period
According to Bitcoin Magazine, a media outlet specializing in virtual assets (cryptocurrencies), on the 26th (local time), Citigroup is set to unveil infrastructure by the end of this year to integrate Bitcoin (BTC) into the existing financial system.
According to the report, Citi is building infrastructure that will enable Bitcoin to be used within traditional financial networks, with plans to strengthen connectivity between the banking system and BTC.
The outlet explained this as "opening a path for Bitcoin to be used as a means of bank transactions."
While the specific service structure and scope of application have not yet been disclosed, observers say that if a major global bank formalizes BTC integration infrastructure, adoption of digital assets within traditional finance could accelerate further.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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