#Vaulta

The EOS network announced a rebranding to 'Vaulta' as part of a strategic shift towards web 3 banking services, with plans to launch a new digital currency and an exchange gateway by May 2025.

This move aims to bridge the gap between decentralized technologies and traditional financial systems.

Eve La Rose, the founder and CEO of the Vaulta Foundation, described this transition as more than just a name change, but a fundamental step towards providing open financial access for all.

He also announced the formation of the Vaulta Banking Advisory Board, which will bring together experts from the banking sector and web 3 technology to support global compliance and explore new opportunities in this field.

Vaulta will rely on strategic partnerships with companies such as Ceffu, Spirit Blockchain, and Blockchain Insurance Inc, focusing on four key areas:

Wealth management, consumer payments, portfolio management, and insurance.

It also plans to launch additional partnerships to support its development in the banking and web 3 sectors.

This announcement led to a 25% increase in the price of EOS, reaching $0.65 yesterday, before the currency price fell below $0.60.