FIRST MOVER: Citi's Exploration Into Crypto and the Metaverse
CoinDesk Podcast Network
CoinDesk
4.7 • 698 Ratings
🗓️ 7 June 2024
⏱️ 11 minutes
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| 0:00.0 | We're coming to you from the Coin Desk podcast studio presented by BitGo. |
| 0:03.6 | Founded in 2013 with the first institutional grade Bitcoin wallet. |
| 0:07.6 | BitGo is the gold standard in custody, staking, and settlement. |
| 0:11.2 | Today, BitGo supports over 800 coins and processes 20% of all Bitcoin transactions by value. |
| 0:17.2 | Check them out at BitGo.com. |
| 0:19.8 | Consentis is so fun for me because we get to bring people together from different worlds |
| 0:24.6 | who are building totally different things in this space. |
| 0:27.6 | We are going to welcome Ryan Rug to the show. |
| 0:29.6 | She's the head of digital assets for Citibank. |
| 0:32.6 | She joins now. |
| 0:33.6 | Okay, we have Citibank and we have the Metaverse, right? I know a few years ago |
| 0:38.6 | we saw like some banks doing Metaverse activations. Citibank have any desires to get into |
| 0:45.0 | a Metaverse and try something out? You know, we've experimented. We did a simulation of our |
| 0:49.5 | lobby for clients to come in and use and like so they could touch and feel. I think from a client experience, it's still a little bit far away. |
| 0:57.2 | Like as we saw when you're in your Okony segment, it still has a little bit of bugs that, you know, |
| 1:01.1 | we move trillions of dollars a day. |
| 1:02.7 | We can't have those bugs just yet. |
| 1:04.2 | So, but our clients are interested for everything from client onboarding to experiences, |
| 1:09.0 | but I think it still has a little bit of way to go from a technology standpoint. How many people tried it out? Several. Clients were walking by and |
| 1:16.8 | loving it. It's always really amusing watching clients. It's almost like children because they're |
| 1:20.4 | like trying to feel in touch. So I definitely think it has a place, but not quite yet in financial |
| 1:26.3 | services. Justin, does it take big names like Citibank to have maybe IRL activations that introduce people to it to help achieve this mainstream adoption that you're thinking about? |
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