Crypto Major banks in the world are planing to integrate cryptocurrency services

The Citi Group is now hiring 100 people to work in its cryptocurrency division. The banks are looking forward to exploring the cryptocurrency market and delivering cryptocurrency-related services, according to Punnet Singhvi, the head of Citi group's digital unit.

The world's largest credit card issuer, according to City Group's head of business development, wants to investigate blockchain and the digital environment because of its transparency.

This was revealed as a result of Citi's major competitor, Bank Of America, adopting bitcoin services. In the next three years, it is increasingly likely that most large banks will integrate cryptocurrency services into their systems.

 

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After getting numerous customer requests, the world's third largest banking institution, Citigroup is finally looking into the services to support cryptocurrency. Some of their biggest clients showed a great interest, and Citigroup just wants to give the best client service. Citigroup's global head of foreign exchange told, they didn't wanted to jump in when they weren't confident themselves, but now that they are, they want to build something that benefits their clients.