Issue 363 · May 12, 2022 Weekly edition · 3 min read

Issue #363 - Is Debt Glamorous?

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

Share in X

Instagram launches NFT as it hopes to cash in on the creator economy

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.

Read the full story ↗

In this issue · 10 items

Fintech Raisin partners with Credit Europe Bank The Paypers — The fintech company Raisin and the Credit Europe Bank are partnering to offer improved savings products to their customers. Open story ↗ Metaverse Land Value Is Dropping – Should You Buy Now? Bitcoinist — 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? Open story ↗ Swedish fintech chooses Lisbon The Portugal News — After six months, the Swedish fintech Klarna has a team of 20 people in Portugal, but the company wants to increase its presence in the country by opening a new product development center. Open story ↗ Insurance Innovators USA Insurance Innovators — Driving Insurance Forward Where America’s insurance leaders meet to collaborate, innovate and drive growth Open story ↗ News: Stripe vs Plaid and Apple vs The EU Fintech Insider — 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. Open story ↗ Buy now, pay later' is sending the TikTok generation spiraling into debt, popularized by San Francisco tech firms SFGate — 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. Open story ↗ Madonna Gives Birth To Flora And Fauna In 1st Beeple NFT Project (That’s NSFW) Bitcoinist — 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. Open story ↗ Dutch fintech bunq enters Irish market as pillar banks leave Independent.ie — 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. Open story ↗ Will bitcoin succeed in the Central African Republic? Probably not New Scientist — 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. Open story ↗ NFT investors have sent $37 billion to marketplaces in 2022, on track to surpass 2021 Nairametrics — 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. Open story ↗

← Previous issue Issue #362 - New Warnings From The Crypto Space Next issue → Issue #364 - Did Terra Luna Disrupt The Queen’s Plans?

Instagram launches NFT as it hopes to cash in on the creator economy

Finance intelligence, minus the noise.

Good questions. Clear answers.

Imprint