FinTech Weekly - Fintech News Issue #363

Issue #363 - Is Debt Glamorous?

2022-05-12

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 manage it? Our fintech newsletter goes on with some of the most interesting news from the NFT space – from Madonna giving birth to the launch of Instagram NFTs – and the most relevant fintech news and conferences. Stay on top of fintech news with FinTech Weekly!

Top Stories

Buy now, pay later' is sending the TikTok generation spiraling into debt, popularized by San Francisco tech firms
Buy now, pay later' is sending the TikTok generation spiraling into debt, popularized by San Francisco tech firms
via 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.

Top Events

Insurance Innovators USA
Insurance Innovators USA
via Insurance Innovators

Driving Insurance Forward Where America’s insurance leaders meet to collaborate, innovate and drive growth

Crypto

Metaverse Land Value Is Dropping – Should You Buy Now?

Blockchain Cryptos Metaverse NFT Opinions Predictions

Metaverse Land Value Is Dropping – Should You Buy Now?
via 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?

Madonna Gives Birth To Flora And Fauna In 1st Beeple NFT Project (That’s NSFW)

Blockchain NFT

Madonna Gives Birth To Flora And Fauna In 1st Beeple NFT Project (That’s NSFW)
via 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.

Will bitcoin succeed in the Central African Republic? Probably not

Bitcoin Blockchain Cryptos Payments

Will bitcoin succeed in the Central African Republic? Probably not
via 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.

NFT investors have sent $37 billion to marketplaces in 2022, on track to surpass 2021

Blockchain Metaverse NFT

NFT investors have sent $37 billion to marketplaces in 2022, on track to surpass 2021
via 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.

Banking

Fintech Raisin partners with Credit Europe Bank

Financial Instruments

Fintech Raisin partners with Credit Europe Bank
via The Paypers

The fintech company Raisin and the Credit Europe Bank are partnering to offer improved savings products to their customers.

Dutch fintech bunq enters Irish market as pillar banks leave

Banks Financial Instruments

Dutch fintech bunq enters Irish market as pillar banks leave
via 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.

Innovation

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

NFT Web 3.0

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

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.

Podcasts and Videos

News: Stripe vs Plaid and Apple vs The EU

Financial Instruments Interviews Payments

News: Stripe vs Plaid and Apple vs The EU
via 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.

Fintech

Swedish fintech chooses Lisbon

Investments

Swedish fintech chooses Lisbon
via 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.

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