Mastercard wants to expand its business to the Metaverse: the latest trademark applications filed by the company proves that, and Mastercard is not the only giant that wants to exploit the virtual economy.
Mastercard wants to expand its business to the Metaverse: the latest trademark applications filed by the company proves that, and Mastercard is not the only giant that wants to exploit the virtual economy.
Covid-19 forced us to reconsider traditional business models, and tourism makes no exception. The Metaverse could become the future of tourism, and museums are already taking the necessary steps to benefit from digital opportunities and events.
Climate change is also an economic issue, and traditional systems might not be able to deal with the innovative solutions that this problem needs. That’s why green – or climate – fintech turns out to be necessary.
The Korean fintech company BankSalad expanded its business to health technology: so far, the company has used data to provide financial services, but now it launches a new “smart health management” system based on genetic testing and people’s health data.
Internet of Things (IoT) is being massively adopted by fintech companies and financial institutoins: IoT allows for cost-optimization, better analysis and management of data and innovative tools and payment methods.
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.
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.
Klarna and similar companies have raised millions especially thanks to the new payment model – BNPL, Buy Now, Pay Later. But Klarna’s partner, Billie, introduced a new BNPL model – not for single users, but for businesses.
Akshay Krishnaiah, founder of Line, points out that real inclusion could be hard, even for fintech. According to the CEO of the fintech company, this happens because many times, those who create fintech products don’t really know the difficulties faced by poor people. That’s why Line has a different approach.
Allseated is about to launch a new meeting platform – the Meetaverse. It’s not like the Metaverse, but it recreates a 3D environment when users will be able to meet in a familiar place.
The Swedish fintech Dreams, focused on financial well being, partners with Mastercard to create new and more sustainable banking products.
Jeff Wilser’s article answers a few questions that metaverse-curious people ask all the time: why do people buy land in the metaverse? Not just hype, but specific business plans in mind: these are the reasons why people – and big companies – buy, but this involves risks.
Tred, a UK fintech company, successfully reached – and exceeded – the goal of its crowdfunding campaign on Crowdcube. The company produces a green debit card able to track the carbon costs of users’ spendings.
Scroll wants to revolutionize homeowners’ finances: the fintech firm has built its own lending platform, and its partnership with Modulr will allow homeowners to get real-time decisions on loans and payments in a few days.
Tony Coleman, CTO of the fintech firm Tenemos, talks about how the company is helping banks to keep up with modern business models.
API companies are rising – and not only in the fintech industry. Being able to connect different services via easy-to-use interfaces, API-first companies manage to solve problems for businesses and people – and that’s why they’re getting the attention of investors.
4most, the UK-based credit risk consultancy company, and Swishfund, a fintech lender firm, are developing the “Green credit score”: a score will be assigned to SMEs, and those that prove to be environmentally conscious will have access to cheaper financing.
For all those who own a business, the Metaverse could be your next destination. The digital world is the choice of an ever-increasing number of companies – independently of their size – to set up the digital version of their firms. Despite this, go ahead to know what the ex-CEO of Google said about the Metaverse.
Today, any business that wants to be competitive needs to interact with fintech somehow, and that’s just the natural result of innovation.
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.
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.