Issue #371 - Metaverse Makes People Scratch Their Heads July 7th, 2022

“[Eric Schmidt] appears to be among the Americans who roll their eyes – and scratch their heads – when imagining the metaverse.” An interesting choice of words: Megan Sauer used them to write about Eric Schmidt’s opinions about the Metaverse. The former CEO of Google shows us that it doesn’t matter if you’re among the “ordinary people” or a tech billionaire: Metaverse and NFTs are still unclear.

Despite this, everyone is talking about – and maybe investing in – the Metaverse.

This number of FinTech Weekly will show you that this is the hottest topic in the fintech industry – and that businesses need to know that if they want to thrive in the modern economy.

Top Stories

    Even if China took severe measures against the crypto space, limitations don’t involve NFTs – as long as they comply with national regulations: considered more as an expression of cultural creativity, NFTs – or digital collectibles – are the next big thing for Chinese tech giants. That’s why top tech companies issued a “self-disciplined development proposal”: even if not legally binding, it could force the government to clarify the regulatory framework concerning NFTs. Companies use private blockchains to develop collectibles: people can pay for them only using yuan, and trading is discouraged.

    Misha Osipov, founder of the fintech firm Nova Credit, addresses an interesting topic: fintech-focused migrations. The country chosen by fintech enthusiasts is the UK: despite Brexit, the government seems to want to get back to “pre-Covid immigration levels.” The UK is not only the place where entrepreneurs find new fintech companies but also the place where you can develop fintech-related skills.

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