You’re about to discover a new world in ten articles. Well, in reality, you’re about to discover how different businesses are dealing with the pros – and cons – of financial technology and its stars.
Our weekly newsletter opens up with the amazing story of an insurance company that doesn’t want to cover a ransom payment in BTC, and ends with Hyundai that joins the Metaverse. And in between, you’ll find unlucky deals, new opportunities, innovative forms of payments, creditors and investors.
This and much more in this number of FinTech Weekly, the free newsletter that helps you discover the amazing world of fintech and its most important conferences.
The British luxury brand, Graff, has sued its insurance company, The Travelers Companies, for refusing to cover a ransom payment in Bitcoin. Graff was attacked by a Russian hacking group, Conti.
The New Jersey-based Web 3.0 exchange CrossTower is partnering with Ripple to facilitate the exchange of NFTs. The company behind the popular cryptocurrency XRP wants to use the CrossTower marketplace, which allows creators and developers to join an intuitive platform to exchange their tokens.
Ben Goertzel, founder of the SingularityNET Foundation, shares his thoughts about the Metaverse. Despite the digital reality is one of the most discussed topics, Goertzel affirms that many of the projects created so far only involve gaming. We're far from enjoying all the advantages of the Metaverse, but AI can help us.
Mt. Gox's creditors may finally recover their funds. The Japanese Mt. Gox was the largest Bitcoin exchange, but it went offline in 2014 after the largest bitcoin hack in the crypto history. Will this further affect Bitcoin?
Spain is now among the countries that accepted Binance and added the crypto company in their crypto registries. But as the European Union prepares a new regulatory framework for cryptocurrencies, France may change its mind.
The South Korean company Hyundai wants to join the metaverse and NFT market. As tweeted by Mike Kondoulis, the company has filed a US application to be able to safely sell virtual products and create NFT-backed content.
Fintech firms can have a pivotal role in the services sector: this is the idea behind the Ofwat's innovation fund. Ofwat is the regulator of water services in England and Wales, and it has just opened a £4M competition for those fintech companies that can find innovative solutions to favor inclusion, provide better services to people and address climate issues.
Teller, the DeFi lender, launches a new buy now, pay later (BNPL) service, but for NFTs.
The UK-based fintech Revolut partners with another popular fintech company, Stripe. This partnership should lead to further expansion across the world and more services for customers.