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Citi processes live transactions on Swift ledger in always-on payments push

Citi says it successfully processed live transactions on Swift’s blockchain-based ledger, a milestone toward always-on, cross-currency, interoperable payments for institutional clients, with support from FAB and OCBC.

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Citi announced today that it has successfully processed live transactions on Swift’s blockchain-based ledger, marking a significant milestone in its strategy to deliver always-on, cross-currency, and interoperable payment solutions for its institutional clients.

As the first U.S. bank to conduct li…