Cryptocurrencies have become a new store of value

International banking giant Citibank said that the emergence and spread of cryptocurrencies has shapednew thinking about payment infrastructure.

In the recently published report for organizationson crypto payments, Citi analysts note that digital currencies are changing the paradigm of the entire payments ecosystem. The bank also said that cryptocurrencies are a new store of value.

«Cryptocurrencies have grown from a little-known internet innovation to a two-trillion-dollar market capitalization.

Whether Cryptocurrency Is Underminingpayment system as we know it, it has spawned new thinking in payment infrastructure, processing and accounting, in addition to its increasing adoption as a store of value», - noted in Citi.

According to the bank, organizations choosing payments in cryptocurrency view digital currencies as an investment and a medium of exchange.

The report says that with the rise in the price of cryptocurrencies, interest has spread to corporations and other large organizations. The company can use the third party agent model.

In addition, the lender recommends organizationsuse a direct model of receiving cryptocurrency. However, Citi warns that this approach requires an advanced level of knowledge in accounting and treasury.

Citi ranks among the leading financialinstitutions with an interest in cryptocurrencies. The bank said in May that after receiving numerous inquiries from customers, it is considering rolling out services to support digital assets.

In late August, the bank said it was considering offering bitcoin futures to select institutional clients.

We will remind, in November 2020, the director of Citibank predicted an increase in the price of bitcoin to $ 318,000, thanks to the consolidation in the status of digital gold.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Huobi	https://huobi.com	7.4
3	Exmo	https://exmo.me	6.9
4	OKEx	https://okex.com	6.5
5	Bybit	https://bybit.com	6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Additional features and services— futures, options, staking, NFT marketplace.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• final grade– the average number of points for all indicators determines the place in the ranking.

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