Colombian Bank Littio Switches Blockchain Network To Avalanche

According to Foresight News, Colombian bank Littio is transitioning its blockchain network from Ethereum to Avalanche. This move aims to develop a product called Yield Pots, which allows users to earn interest on USD deposits. The decision to switch to Avalanche is attributed to its lower transaction fees and consistency. Last year, the Avalanche Foundation launched a $50 million initiative to incentivize the development of real-world assets (RWA) on its network.