{"id":1083,"date":"2016-07-04T08:20:00","date_gmt":"2016-07-04T08:20:00","guid":{"rendered":"https:\/\/blog.holytransaction.com\/2016\/07\/citibank-study-on-bitcoin-read-here-their-report-on-digital-currencies.html"},"modified":"2020-11-22T16:42:44","modified_gmt":"2020-11-22T14:42:44","slug":"citibank-study-on-bitcoin-read-here-their-report-on-digital-currencies","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2016\/07\/citibank-study-on-bitcoin-read-here-their-report-on-digital-currencies.html","title":{"rendered":"Citibank study on Bitcoin: read here their report on digital currencies"},"content":{"rendered":"<div style=\"clear: both; text-align: center;\"><a style=\"margin-left: 1em; margin-right: 1em;\" href=\"https:\/\/2.bp.blogspot.com\/-YH-mviBMm8s\/V3ob6Znn2jI\/AAAAAAAAAmI\/D4NghndidTsQto4QXkTlNO55hxrVQSpCwCLcB\/s1600\/case-study-citi-figure1.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"citibankstudyonbitcoin.jpeg\" src=\"https:\/\/2.bp.blogspot.com\/-YH-mviBMm8s\/V3ob6Znn2jI\/AAAAAAAAAmI\/D4NghndidTsQto4QXkTlNO55hxrVQSpCwCLcB\/s400\/case-study-citi-figure1.jpg\" alt=\"citibank study on bitcoin\" width=\"400\" height=\"215\" border=\"0\" \/><\/a><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">A few days ago the <b><a href=\"http:\/\/citibank.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Citibank<\/a> study on Bitcoin<\/b> and other cryptocurrencies was released, where it explains that they should not be considered as disruptive for banks and other traditional institutions.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Citibank, in fact, published a<b> 56-page report<\/b> about bitcoin and digital currencies, &#8211; written by <b>Keith Horowitz<\/b> with contributions from <b>Adrien Porter, Frieda Liao<\/b>, and <b>Michael Cronin<\/b>; it also explains how Citibank sees lots of new opportunities in the blockchain technology.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">This is an extract:<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><i>&#8220;The power behind an open network like bitcoin is the possibility of incorporating it with other technologies to bring about true innovation, such as applications that support the Internet of Things (eg machine-to-machine payments).&#8221;<\/i><\/div>\n<div style=\"text-align: justify;\"><i>\u00a0<\/i><\/div>\n<h3 style=\"text-align: justify;\">Citibank study on Bitcoin<\/h3>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The <b>Citibank study explains how bitcoin and the other digital currencies could revolutionize the market<\/b>, especially where there isn\u2019t a good payments infrastructure.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">However, in this study on bitcoin there is a <b>critical eye<\/b> on the bitcoin benefits for payments, as the authors explain that they don\u2019t believe <b>the immutability of the blockchain to be a good thing for money transactions.\u00a0<\/b><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><i>\u201cHaving written three reports on the topic of blockchain, one common theme we have observed is the limited use-cases for the peer-to-peer transfer of value due to a number of issues including scalability, network adoption and lack of a legal\/regulatory framework for dispute resolution.\u201d<\/i><\/div>\n<div style=\"text-align: justify;\"><i>\u00a0<\/i><\/div>\n<h3 style=\"text-align: justify;\">Universal Wallet for Digital Currencies<\/h3>\n<div>Bitcoin and other digital currencies can be store in a universal wallet where you can manage and store in a safe way different kinds of cryptocurrencies, such as Bitcoin, <a href=\"https:\/\/holytransaction.com\/page\/what-is-peercoin\">Peercoin<\/a>, Ethereum, Dogecoin, Litecoin, Blackcoin and more.<\/div>\n<div><\/div>\n<div>To open your own wallet,<a href=\"https:\/\/holytransaction.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"> click here and visit the official HolyTransaction Universal Wallet.<\/a><\/div>\n<p>Open your free digital wallet <a href=\"https:\/\/holytransaction.com\/app#!\/signup\">here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>A few days ago the Citibank study on Bitcoin and other cryptocurrencies was released, where it explains that they should not be considered as disruptive for banks and other traditional institutions. Citibank, in fact, published a 56-page report about bitcoin and digital currencies, &#8211; written by Keith Horowitz with contributions from Adrien Porter, Frieda Liao, [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76,101,158,229,543],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.6 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Citibank study on Bitcoin: read here their report on digital currencies -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/holytransaction.com\/blog\/2016\/07\/citibank-study-on-bitcoin-read-here-their-report-on-digital-currencies.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Citibank study on Bitcoin: read here their report on digital currencies\" \/>\n<meta property=\"og:description\" content=\"A few days ago the Citibank study on Bitcoin and other cryptocurrencies was released, where it explains that they should not be considered as disruptive for banks and other traditional institutions. 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