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Signature BankDec 4 : Former Signature Bank executives are launching a new blockchain-based bank focused on facilitating instant, around-the-clock U.S. dollar payments, nearly three years after the collapse of the New York-based bank known for serving cryptocurrency clients.The bank, called N3XT, was founded by Scott Shay,See the Story
Former Signature Bank Executives Launch Blockchain-Based Bank
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Signature Bank · WyomingA group of three ex-Signature Bank leaders has launched N3XT, a blockchain-based bank offering round-the-clock instant payments. Led by CEO Jeffrey Wallis, the former director of digital asset strategy at Signature, the Wyoming-chartered establishment will operate on a non-lending model contrasting, holding each dollar in cash or short-term U.S Treasuries. As of 2024, nearly 30% of all UK adults were living cashless lives. The decline in cash pa…See the Story
