This new number of FinTech Weekly starts with a question that arises from the double nature of innovative payment schemes. BNPL (Buy Now, Pay Later) is becoming more popular, but are the new generations able to properly manage it? Our fintech newsletter goes on with some of the most interesting news from the NFT space – from Madonna giving birth to the launch of Instagram NFTs – and the most relevant fintech news and conferences. Stay on top of fintech news with FinTech Weekly!
Buy 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.
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.
Even 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.
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.
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.
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.