Programmable Banking refers to financial services that can be customized and automated through code, often leveraging APIs and smart contracts. This allows for the creation of tailored financial products and automated transaction flows based on predefined conditions. It represents a shift towards more flexible and adaptable financial infrastructure.
Context
The discussion surrounding Programmable Banking in the digital asset space centers on its potential to revolutionize financial products and services by integrating blockchain capabilities. Debates frequently address the security implications of automated financial logic and the regulatory frameworks required for these novel systems. Observing innovations in decentralized finance and enterprise blockchain applications will show the practical application of this concept.
Integrating L2 settlement rails with correspondent banking accelerates capital mobility and significantly reduces systemic counterparty risk for global finance.
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