A new U.S. bank just flipped the script on traditional business payments: N3XT officially launched today, promising instant, programmable B2B payments in U.S. dollars any time of day—or night—leaving old-school banking hours in the dust.
N3XT opens its doors as a full-reserve, fully regulated narrow bank under a Wyoming Special Purpose Depository Institution charter. Every deposited dollar is backed one-to-one by cash or short-term U.S. Treasuries, and the bank publishes its reserve holdings daily.
The platform allows businesses to trigger payments automatically: shipped a crate from Manila to Perth? Funds can move the moment delivery is confirmed. Market dips? Collateral deposits can be executed automatically. Market spikes? Dollars flow back into your pocket, freeing up working capital.
Read more: crypto.news
