According to Odaily Planet Daily, a year and a half after the collapse of a crypto-friendly bank in the United States, European banks are pushing to revive the 24/7 payment market in the digital asset field. Recently, Switzerland's AMINA Bank AG and Sygnum Bank AG launched a real-time payment and settlement network.
Its goal is to fill the market gap left by Silvergate Exchange Network (SEN) and Signature Bank’s Signet platform, which provided significant liquidity to the crypto market before their collapse in March 2023.
In the quarter before the deal closed, SEN processed $117 billion in transactions, while Signet processed $275.5 billion, according to company filings.