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18 January 2021

Citigroup CEO: We’re Helping Governments Create Digital Currencies - Decrypt

Citigroup CEO: We’re Helping Governments Create Digital Currencies - Decrypt


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Citigroup’s CEO today said in an interview that central bank digital currencies are “inevitable”—and revealed that the multinational is helping governments around the world develop them. .

“We’ve been working with governments around the world in terms of the creation and commercialization of them and I think that’s inevitable that it will be coming,” Michael Corbat, who has been Citigroup’s CEO since 2012, toldBloomberg’s David Rubenstein.

Corbat didn’t go further in speaking about how Citigroup was helping governments develop sovereign digital currencies—better known as central bank digital currencies (CBDCs).

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