Coinbase Partners with Citi to Streamline Institutional Digital Payments

Coinbase and financial giant Citi have entered a strategic partnership to enhance digital payments for institutional clients. The collaboration focuses on streamlining the conversion process between fiat currency and digital assets, using stablecoins as the key technology. This joint effort aims to improve on-ramps and off-ramps, making it easier for institutions to seamlessly exchange traditional currencies for cryptocurrencies. Coinbase CEO Brian Armstrong has highlighted the importance of these partnerships in facilitating efficient movement of value worldwide.