Citi Develops 3 Blockchains with Own 'Citicoin' TokenBanking giant Citigroup, has developed 3 blockchains and a test cryptocurrency dubbed 'Citicoin' to run across them. The bank wants to make sure it is "at the leading edge of [distributed ledger technology]" so it can "exploit the opportunities within it."
According to Ken Moore, head of Citi Innovation Labs, Citi has been looking at blockchain technology for "the last few years" and has developed "an equivalent to bitcoin" within its labs while mining what it calls "Citicoin."
http://cointelegraph.com/news/114717/citi-develops-3-blockchains-with-own-citicoin-token