Tokenized money may struggle to achieve widespread adoption if banks continue building isolated blockchain payment systems, according to Ryan Rugg, Citigroups head of digital assets for treasury and trade solutions. Speaking at Consensus in Miami, Rugg emphasized that large corporations are demanding interoperable financial networks rather than closed, single-bank token systems. Rugg explained that multinational companies manage hundreds or even thousands of bank accounts across different financial institutions worldwide. Because of this complexity, businesses need seamless cross-bank payment… Read more
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