‘’We’re embracing the future with crypto and leaving the slow and outdated big banks behind’’, President Donald Trump declared, signaling a shift in his administration’s approach to digital assets. 

The vision was formalized on Thursday, when signed an executive order establishing a working group on digital asset markets. The order reaffirms the administration’s commitment to key crypto principles, including coding transparency, self-custody, and fair banking access, aiming to integrate blockchain technology responsibly into the U.S. financial system.

This idea of blending blockchain with traditional financial systems is bold, and Graphite Network offers the means to make it happen with its scalable and compliant solutions tailored to meet the modern financial needs of banks and financial institutions of all sizes.

Speaking to crypto.news, Graphite Network CTO Marko Ratkovic said:

“While it’s clear that the world is changing and the new US administration is becoming more open to cryptocurrencies, concrete regulations are still up in the air. What’s certain, though, is that Graphite Network offers the infrastructure banks need to make this transition. We can help traditional finance connect with the decentralized economy, and this support is just as important for mass adoption as the regulations will be.”

Bank Integration Demo is built to address pressing challenges facing financial institutions as they struggle to implement blockchain adoption on their own through:

• Building Reliable Infrastructure: Graphite Network’s blockchain is built on a Proof-of-Authority Polymer 2.0 consensus mechanism, ensuring high security, scalability, and energy efficiency. This will assist financial institutions in adopting blockchain technology without compromising their existing and legacy business.
• Bridging Compliance and User Empowerment: By integrating ZKP-based KYC processes and reputation scoring, Graphite Network b

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Author: Anna Akopian