Issue 361 · Apr 28, 2022 Weekly edition · 3 min read

Issue #361 - Big Success For Blockchain Tech

FinTech Weekly gathers the most relevant news in the fintech space. This week, the acquisition of Twitter made headlines – even if it still needs the approval of stakeholders. Elon Musk’s tweets are extremely popular,

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How can banks deal with the new fintech competition?

The types of services offered by banks still can’t compete with fintech companies. Even if banks started focusing more on digitalization, it’s also true that they usually offer only digital products related to the management of accounts, while users would like to have access to more complex services like loans online.

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In this issue · 9 items

Fintech Qonto raises EUR 5 million in crowd investing round The Paypers — The fintech company Qonto opened a crowd investing round that made the company raise €5 million in a few hours. The company opened the round via Crowdcube and was supported by over 1800 Qonto users. Open story ↗ Elon Musk buys Twitter for $44B — crypto industry reacts Cointelegraph — Twitter accepted the bid of Elon Musk: the company announced that it accepted the offer of around $44 billion, and even if the deal should close in 2022, the offer still needs to be approved by stockholders. Open story ↗ News: Inflation strikes for Amazon sellers and SEON raises for global expansion Fintech Insider — Benjamin Ensor and Nicole Perry are joined by Kate Drew (CCG Catalyst) and Bence Jendruszak (SEON) to discuss the most popular fintech news, from the effects of inflation to the new investments of some fintech companies. Open story ↗ Fidelity Investments Will Offer Bitcoin Inclusion in Its 401(k) Accounts: Reports CoinDesk — Fidelity exploits fintech opportunities not only thanks to the metaverse, but also by expanding its financial services: Fidelity Investments will allow its users to invest part of their savings in Bitcoin. Open story ↗ Fidelity enters the metaverse in search of young investors Reuters — Also the investment company Fidelity joins the several brands that entered the metaverse to expand their businesses in the digital world. The new platform, built in Decentraland, will give users more investment opportunities, as well as a virtual place where they can work and socialize. Open story ↗ Global fintech funding cools in Q1 2022 Finextra — According to data from CBInsights, the fintech industry received investments for over $28 billion in the first quarter of 2022. The best performer was Europe, and for what concerns sectors even insurtech and payments tech experienced declines. Open story ↗ ECB's Panetta Blasts Crypto as ‘Ponzi Scheme’ Fueled by Greed CoinDesk — Fabio Panetta, member of the European Central Bank, asked for new regulatory frameworks and taxes for what concerns the crypto space: Panetta compared cryptos to Ponzi schemes and said that they could represent a new bubble. Open story ↗ Crypto exchange Okcoin launches first-ever NFT marketplace without a cap on creator royalties Business Insider — The crypto exchange Okcoin, founded in 2013, announced a new market for NFTs (non-fungible tokens): its CEO, Hong Fang, announced that in this NFT market there won’t be any limit on royalty rates. Open story ↗ Fintech giant Stripe jumps into crypto with a feature that lets Twitter users get paid in stablecoin CNBC — Also Stripe joins the crypto space: the firm announced that it will give its users the possibility to pay with cryptos. The company focuses on a stablecoin, USDC. Open story ↗

← Previous issue Issue #360 - The World Needs Decentralization Next issue → Issue #362 - New Warnings From The Crypto Space

How can banks deal with the new fintech competition?

Finance intelligence, minus the noise.

Good questions. Clear answers.

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