Citi has revealed what you call before the industry from the Citi Token Services platform with its solution over $ 24/7, creating multi -clock payments for institutional customers in the United Kingdom and the United States.
This step is said to combine a Blockchain’s distinctive code platform with the clearing network in place, allowing the start of property and the settlement of transactions via Citi and other Citi accounts.
According to the bank, the service is designed to reduce payment delays, improve liquidity management, and provide “unprecedented control and flexibility” to customers of financial and financial institutions.
Debopama Sen, head of payments, CITI services, said the development was driven by the demands of the global economy that works continuously.
“Global Commerce does not take the weekend and should not pay payments. Benefit from our global network of digital kings, we are 24/7, near the immediate payments across the border … helping companies and financial institutions to transport millions of dollars within seconds.”
The new integration depends on the clearing network over $ 24/7, which already supports more than 250 banks in more than 40 markets. The bank said that customers can now transfer money to suppliers and third parties at any time, with more geographical expansion.
“This first integration of the industry greatly reduces friction in payments and liquidity, providing unprecedented control and flexibility,” added Citi.