Revolutionizing Business Payments: N3XT Launches 24/7 Blockchain Bank
A new US bank, N3XT, has officially launched, promising to transform the way businesses make payments. With its innovative platform, N3XT enables instant, programmable B2B payments in US dollars at any time, making traditional banking hours a thing of the past. This development has the potential to significantly impact the global economy, where time is money in the truest sense of the word.
N3XT provides businesses around the world with instant, programmable US dollar payments, bypassing the delays associated with traditional banks. The platform allows customers to automate payments, manage market-driven transactions, and access funds instantly while remaining compliant with regulatory requirements. This is made possible through the use of blockchain technology, which enables secure, transparent, and efficient transactions.
Key Features and Benefits
The following are some of the key features and benefits of N3XT’s platform:
- N3XT provides instant, programmable US dollar payments to businesses around the world, bypassing the delays of traditional banks.
- The platform allows customers to automate payments, manage market-driven transactions, and access funds instantly while remaining compliant.
- Led by fintech veterans and backed by top investors like Paradigm and Winklevoss Capital, N3XT has the expertise and resources to deliver on its promises.
N3XT operates as a fully regulated, full reserve narrow bank with a Wyoming Special Purpose Depository Institution charter. Every dollar deposited is backed one-to-one by cash or short-term U.S. Treasury securities, and the bank publishes its reserve holdings daily. This ensures that customers’ funds are secure and protected.
Leadership and Investors
N3XT’s leadership team consists of experienced fintech veterans, including:
- Jeffrey Wallis (CEO) of Signature Bank
- Scott Shay (founder) is behind several successful banks
- CTO Aurélien Bonnel from Deutsche Bank
Investors such as Paradigm, Pharsalus, HACK VC, Winklevoss Capital, and others have provided funding for the launch of N3XT. According to Alana Palmedo of Paradigm, “The financial system is being rewired to be internet-based and global 24 hours a day, 365 days a year.” N3XT is at the forefront of this revolution, leveraging blockchain technology to enable fast, secure, and efficient transactions.
With the launch of N3XT, businesses can now trigger payments automatically, freeing up working capital and improving cash flow. For example, a company can set up a payment to be made automatically once a delivery is confirmed, or collateral can be done automatically in response to market fluctuations. This level of automation and flexibility is unprecedented in the traditional banking sector.
For more information about N3XT and its innovative platform, please visit https://crypto.news/n3xt-launches-247-blockchain-bank-paradigm/
