Issue #363 - Is Debt Glamorous? May 12th, 2022
Top Stories
Buy now, pay later' is sending the TikTok generation spiraling into debt, popularized by San Francisco tech firms
— via SFGateBuy now, Pay later (BNPL) systems can be a powerful tool for those who want to buy without spending their whole budgets, but it can be extremely harmful for those who aren’t able to manage them properly: TikTokers often use them the wrong way, by “glamorizing” debt.
Top Events
Driving Insurance Forward Where America’s insurance leaders meet to collaborate, innovate and drive growth
Podcasts and Videos
Benjamin Ensor and Kate Moody are joined by Nilixa Devlukia (Payments Solved) and Karen Kerrigan (Moneybox) to discuss Stripe’s latest launches, the new crowdfunding campaign of Moneybox and more.
Crypto
The prices of real estate in the metaverse are dropping – to about 15% now. But experts say that this is just a deep, and that the metaverse still represents one the main investments of big companies. Is it time to buy?
The pop star Madonna collaborated with the digital artist Beeple to create three NFTs: these non-fungible tokens videos represent three different types of motherhood. The NFT marketplace SuperRare will auction these videos for charity.
After El Salvador, the Central African Republic (CAR) is the second country to adopt Bitcoin as legal tender. In El Salvador, this is causing issues like an increased national debt. In CAR, this decision might lead to more serious problems – especially because it can’t be so inclusive in a country where only 10% people have access to the internet.
NFT investors have sent $37 billion to marketplaces in 2022, on track to surpass 2021
— via NairametricsEven if the growth of the NFT market has been inconsistent, in the first month of 2022 investors have already spent over $37 billion in NFTs. Investments amounted to $40 billion in all 2021.
Banking
The fintech company Raisin and the Credit Europe Bank are partnering to offer improved savings products to their customers.
While major banks are leaving the Irish market, bunq enters the banking market of the country to offer its online services. The Dutch fintech company has launched an Irish IBAN to allow for easier transactions to and from the country.
Innovation
Instagram, the social media platform owned by Meta – formerly Facebook – is launching its NFT product to allow creators to show their creations – and new earning opportunities might be added.
Fintech
After six months, the Swedish fintech Klarna has a team of 20 people in Portugal, but the company wants to increase its presence in the country by opening a new product development center.
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