Citigroup's Historic Move to Integrate Bitcoin into Banking Infrastructure

Citigroup's decision to integrate Bitcoin into its banking systems is seen as a major milestone in the convergence of decentralized and legacy finance.

The bank's proposed infrastructure will enable the use of Bitcoin for core banking transactions, such as collateralizing loans and settling obligations between institutional clients.

This move follows years of cautious observation by major financial institutions, which have been hesitant to adopt cryptocurrencies due to regulatory concerns and technical challenges.