Citi's Shahmir Khaliq lays out the North Star for Citi’s digital asset strategy in payments

Citi's Shahmir Khaliq, Head of Services (one of Citi's 5 business lines) lays out the North Star for Citi’s digital asset strategy in payments in the latest interview. Key takeaways:

" The real client problem that we are looking to solve is the ability for large multinationals, big banks, broker dealers and fintechs to be able to move their money seamlessly around the world."

1️⃣ Clients don't care about blockchains; clients care about moving their money efficiently when they need to

2️⃣ Citi Services has been focusing on serving the big multinationals to move money around real time 24/7 across the globe

3️⃣ Blockchain cash solutions such as Citi Token Services and stablecoins are just add-on rails or tools that help Citi serve its clients

👉 Key insight for banks' payment businesses

The product is money mobility, not the rail. Citi isn’t trying to “win blockchain.” It’s trying to own the global movement of money and will use whatever rail best serves that objective.

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