Ethereum

Bank AI

Coin

<ul class="news-points"> 
 <li><strong>Citi’s digital assets head Ryan Rugg said that the bank is currently using a permissioned Ethereum blockchain due to regulatory reasons.</strong></li> 
 <li><strong>Rugg noted that the bank would switch to a public blockchain if regulators allowed it.</strong></li> 
 <li><strong>Ripple CTO suggested that banks could leverage Xrapid to facilitate crypto transactions.</strong></li> 
</ul> 
<p>Citi Bank is currently using a permissioned version of the <a href="https://coinedition.com/what-is-ethereum-complete-guide-to-the-2nd-largest-blockchain-project/">Ethereum blockchain</a>, according to Ryan Rugg, head of digital assets. On September 20, digital asset researcher Anderson tweeted a video of Rugg’s interview with CNBC. When asked about a potential future where Citi implements a public blockchain, Rugg responded that it depends on the regulatory laws.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Interestingly in the video below she says banks can't use public blockchains because of regulations. <br><br>I put that part together with how I believe Ripple will onboard banks on using XRP with their payments. <br><br>This is not to say I believe Citi would use XRP but how Ripple would be… <a href="https://t.co/glFPKvhgBN" target="_blank" rel="nofollow">https://t.co/glFPKvhgBN</a> <a href="https://t.co/WFsbblf8F3" target="_blank" rel="nofollow">pic.twitter.com/WFsbblf8F3</a></p>— Anders 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f3c1.png" alt="🏁" class="wp-smiley" style="height: 1em; max-height: 1em;">
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1ea-1f1fa.png" alt="🇪🇺" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@X__Anderson) <a href="https://twitter.com/X__Anderson/status/1704408180468387981?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">September 20, 2023</a>
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<p>Rugg noted that at the moment, banks are only allowed to be on permission chains. However, if the regulators get comforta…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/digital-asset-researcher-pitches-tranglo-for-banks-to-use-xrp/">Digital Asset Researcher Pitches Tranglo For Banks To Use XRP</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Digital Asset Researcher Pitches Tranglo For Banks To Use XRP

Coin Edition

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