Raagulan Pathy, KAST's Co-Founder, stated, 'For most countries and over half of global GDP, banking does not match the openness and speed of the Internet, it's fundamentally broken. Stablecoins are the clear solution, but the user experience wasn't great. We are building KAST to change this.' This highlights the urgent need for improved banking solutions that leverage stablecoins to enhance user experience.
Daniel Bertoli, co-founder of KAST, remarked, 'The next generation of neobanks will be built on stablecoins and inherently global by DNA. They will differ fundamentally from the current generation of neobanks, which are limited in countries due to licensing, and struggle in integrating blockchain.' This emphasizes the transformative potential of stablecoin-based neobanks.
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