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Citi: Transacting the equivalent of US annual GDP

On a given day Citi transacts the equivalent of $3 trillion and on a peak day about $9 trillion. Therefore within a span of 3-5 business days Citi transacts the equivalent of USA's GDP. All of this is done digitally and in a cashless manner.The society is slowly moving to less cash transactions & markets if not to cashless transactions. All the B2B connected devices allow these cashless transaction and hold the promise for more efficiency, low cost and transparency. The debate is therefore about what th ...

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