Citibank has announced a new product christened Citi Token Services under the Citi Treasury and Trade Solutions (TTS), as parts of its cash management
Ripple had acquired the Swiss finance technology firm for $250 million in May 2023, a year after Citigroup signed a collaboration with Metaco. Ripple is a payments company that specializes in cross-border remittance. The company does this by leveraging blockchain technology. RippleNet is a network used for payments transfer created by Ripple Labs Inc. and is open to financial institutions worldwide. The company also leverages the XRP token.
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