Traditional Banking Systems

On April 22nd, in a recent report, financial technology company Ripple revealed that since its launch, its global proprietary payment solution driven by XRP, RippleNet, has process

On April 8th, Incore Bank, a financial bank headquartered in Zurich, Switzerland, announced that it will provide customers with Ethereum pledge services. The bank stated that custo

According to reports, Cathie Wood, founder of ARK Invest, said on social media that it is ironic that as crypto assets soared during the collapse of Silicon Valley banks, the curre

On March 21st, Gnosis Chain officially announced that the electronic currency institution Monerium has launched an over collateralized Euro stable currency EURe on the network, wit

According to reports, Jeremy Allaire, co founder and CEO of Circle, recently accepted an interview with Bloomberg. Jeremy Allaire talked about the recent turmoil in the banking industry and its impact on USD Coin. Jeremy Allaire’s view that traditional banking systems need to be protected from encrypted assets is no longer valid. Jeremy Allaire believes that recent developments have proven that the situation has reversed and that its cryptographic entities need to be protected from the impact of traditional bank failures.   Circle co founder: $3.3 billion stranded at SVB will be fully recovered Analysis based on this information:In a recent interview with Bloomberg, Jeremy Allaire, co-founder and CEO of Circle, discussed the impact of the recent turmoil in the banking industry on cryptocurrencies, specifically on the USD Coin. Allaire expressed his belief that the traditional view that banking systems need to be protected from encrypted assets is no longer valid. Instead, he argued that recent developments have shown that…