The article discusses the "finternet," a forward-looking financial system being championed by contributors to India's UPI digital money system. The Bank for International Settlements and Nandan Nilekani co-authored a paper on the finternet, and a demo was conducted at Global Fintech Fest. The finternet aims to build the economy on blockchain rails and tokenized assets on multiple interoperable financial ledgers. It is still in its early stages, but the involvement of prominent names like Nilekani and the integration with Solana suggests potential significance. The article suggests that the finternet project should be considered alongside other large institutional projects involving Solana.



Other News from Today