FinTech Weekly - Fintech News Issue #363

Blockchain Cryptos Metaverse NFT Opinions Predictions

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?

Blockchain NFT

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.

Bitcoin Blockchain Cryptos Payments

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.

Blockchain Metaverse NFT

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.

Financial Instruments

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

Banks Financial Instruments

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.

NFT Web 3.0

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.

Financial Instruments Interviews Payments

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.

Investments

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.