In this number of FinTech Weekly we want to consider a major topic that may affect the whole market – competition.
Competition and the ever increasing number of publicly traded fintechs might make it hard for single companies to earn the kind of profits fintech is popular for. But it’s not just a matter of money, it’s also a matter of skills: highly skilled professionals in the tech industry are leaving tech giants to focus on fintech startups.
In the meanwhile, the extraordinary mix of skills and opportunities that led to innovations like DAOs, may drive the world towards a new revolution.
This and much more on FinTech Weekly, where you can discover fintech news and conferences.
Crypto traders and investors are aware of the decline that hit the crypto market. Despite the hard market downturn, Jamie Dimon – JP Morgan CEO – says that this is just the beginning – especially for assets like Bitcoin, Ether and Cardano.
Blockdaemon, a blockchain company, and StakeWise, a staking platform, launched a new staking protocol focused on institutional investors – Harbour. Users will be able to stake ETH on the platform and will receive Harbour tokens that can be used on other DeFi platforms to maximize their investments.
Julie Fredrickson raises a very interesting question: will DAOs drive a new innovation cycle? As the industrial revolution was the result of organized groups of people who worked towards the same economic goal, the next revolution could be led by this new form of organization with no leaders – Decentralized Autonomous Organization.
The pandemic changed our vision of work, and highly skilled professionals make no exception: many professionals are leaving companies like Facebook and Goldman Sachs to work for fintech startups. Higher pays, more flexible work and better opportunities are the main reasons behind this exodus.