Swift Says Hackers Can Unite Banks and Blockchain Disruptors
Long a target of blockchain disruptors, the ultimate banking middleman, Swift, is looking to re-position itself as part of the fight against hackers.
Announced Monday, LedgerConnect is the offspring of bank-owned currency trading utility CLS and enterprise software giant IBM.
Citi joined Credit Agricole, Computershare, S2iEM and Deloitte as shareholders in the blockchain-based payment and settlements startup SETL.
Hyperledger has added 16 new members, including Deutsche Telekom, Europe's biggest telecommunications provider and Alibaba's cloud computing subsidiary.
Citigroup CEO Michael Corbat has predicted that state-sponsored digital currencies will arise from the threat posed by bitcoin.
Citi's head of cash management for Asia-Pacific explains why state-issued currencies on a blockchain could supercharge the technology's potential.