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Crypto

Evernode says legacy banking networks are outdated - why

Evernode said key infrastructure at the heart of the global financial system remains stuck on technology built decades ago, and predicted future financial services may be built directly on blockchain networks rather than through upgrades to existing banking rails. It said many systems linking major banks were designed 30 to 60 years ago, making cross-border transfers slow and inefficient. Evernode also said XRP is expanding beyond payments into lending, tokenised vaults and DeFi.

Crypto

Stablecoin land grab intensifies as banks and fintech form alliances

South Korea\'s finance and fintech sectors are stepping up competition to pre-empt the stablecoin market even as legislation remains stalled in parliament. Banks are moving to secure issuance rights through consortia and technology partners, while fintech firms and exchanges focus on controlling mainnets and payment networks. Global players are also positioning in networks and settlement infrastructure. The article says the battle for won and dollar stablecoin leadership is already under way.