Citi Expands Coinbase Tie-up On Fiat-digital Payments

(RTTNews) - Citigroup Inc. (C) announced on Monday that it has expanded its collaboration with Coinbase (COIN) to connect traditional banking with digital asset payments for corporations and consumers. Citi said the deal introduces Coinbase Virtual Accounts, powered by its Virtual Account Wallet, giving Coinbase customers bank-account-like functionality with fiat automatically converted into stablecoins. Citi will also enable institutional clients to accept stablecoin payments at checkout through its Spring by Citi platform, with Coinbase Payments providing conversion into fiat.