In today’s newsletter, FinTech Weekly covers one of the topics that are making headlines: blockchain technology. Cryptos seem to be the best hedge against inflation: Elon Musk has already announced that he won’t sell his cryptos, while fintech companies, payment services giants and social media platforms are entering the hottest market – Non-Fungible Tokens.
But these are not the only developments in the fintech space: Toshiba just realized an amazing way to allow customers to pay for their products, and major fintech companies are collecting billions of dollars in funding rounds.
FinTech Weekly covers this and much more to keep you informed: not only fintech news, but also major fintech conferences – discover CXFS & NGCX 2022.
Elon Musk said that he won’t sell his cryptos: the billionaire confirmed he owns Bitcoin, Etherer and Dogecoin. Despite the drop in prices, he said that he won’t sell because of the increasing inflation.
Simon Taylor is joined by Nicole Perry (Strategy Director at 11:FS), Martin Haring (Temenos), Mary Agbesanwa (Seccl) and Josh Williams (Seattle Bank). They discuss the role of blockchain technology in the current financial system, the expansion of fintech firms in Africa and much more.
Mark Zuckerberg, CEO of Meta, announced that the company is working on bringing Non-Fungible Tokens (NFTs) to Instagram. Zuckerberg said that he hopes that NFTs will be available for minting in the next few months.
John Collison, co-founder of the popular fintech firm Stripe, announced on Twitter that Stripe supports crypto companies and payments, as well as NFTs, which will be used for identification purposes.
Israel registered a surge in fintech investments in 2021. Fintech startups got 17% of the tech investments of the country. The segments that are growing faster are insurtech, trading, lending and payments services.
Gretel has just raised $1 billion in a pre-seed funding round led by RLC Ventures and Insurtech Gateway. The fintech company helps financial institutions to allow their customers to recover lost financial products.
The New York based fintech firm Baselane announced the introduction of a new banking platform. Baselane helps property owners to manage all the operations related to their properties like bookkeeping, rent collection and the analysis of data related to their activities.
The Launch Innovation Programme of Lloyds Banking Group is opened. The group opened this program for the second time to find new fintech partners from all around the world.
Toshiba developed an innovative system that will allow 7-Eleven stores customers in Japan to pay by using a holographic screen. The technology makes it possible to interact with the display to scan products and pay.
American Express wants to invest in the metaverse: the company announced that it’s working on a virtual marketplace for Non-Fungible Tokens and cryptos. The goal of the company is to make its services available also in the metaverse.