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Citi Taps Coinbase to Enhance Crypto Payments for Institutions

Citi has partnered with Coinbase to improve digital-asset payment capabilities for its institutional clients. The collaboration aims to accelerate fiat transactions and enhance the integration of traditional finance with cryptocurrency on- and off-ramps. Debopama Sen, the head of payments and services at Citi, emphasized the need for innovative payment options in a rapidly evolving financial landscape, stating that this partnership is a natural extension of their extensive payment clearing networks across 94 markets globally. It aims to facilitate borderless payment experiences for clients.

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