- A new report suggests that swift crypto adoption will be powered primarily by the rise of CBDCs and tokenization of real-world assets.
Why it matters: Citigroup, who has 200 million customer accounts, says it “could be a killer use case” when it comes to blockchain technologies.
- Citi’s future of finance lead suggested that there will be $5 trillion circulating in the economy in CBDCs “by the end of this decade.”
The 3rd largest U.S. bank appears to be on a mission to implement a digital replacement of the dollar within the next 5 to 10 years.