FinTech Weekly - Fintech News Issue #364

Issue #364 - Did Terra Luna Disrupt The Queen’s Plans?

2022-05-19

This number of FinTech Weekly could not but talk about the recent events in the crypto space. Even stablecoins were affected by the recent downturn in the market: countries like the United Kingdom and the United States want to set specific regulatory frameworks for this class of digital assets. In the meanwhile, Do Kwon still wants to bring Terra Luna back to life. This and much more in this number of FinTech Weekly, the newsletter where you can find the most relevant fintech news and the most important fintech conferences around the world.

Top Stories

Stablecoins Receive Queen’s Blessings As UK Braces For Landmark Crypto Legislation
Stablecoins Receive Queen’s Blessings As UK Braces For Landmark Crypto Legislation
via Bitcoinist

The United Kingdom is among the countries that focus on stablecoins to adopt these digital currencies and incorporate them into national economic systems. But after the recent chaos in the crypto space, further regulation is needed according to the country.

Top Events

Fintech Meetup Europe
Fintech Meetup Europe
via FinTech Meetup Europe

Decentralized Finance. Lineup: Tim Schuld (ISSUA.org), Alexandre Lores (TheLatestBlock.com), Yang Lan (Fiat24) and Mona Tiesler (Tokentus). FinTech & InsurTech Europe online meetup for founders, techies, VCs, corporates, consultants, freelancers in financial services.

Crypto

Do Kwon proposes Terra hard fork to save ecosystem

Blockchain Cryptos

Do Kwon proposes Terra hard fork to save ecosystem
via CoinTelegraph

Do Kwon is making headlines after the troubles with Terra Luna, but now the co-founder of the blockchain proposes a new blockchain, Terra, as a fork of Terra Luna. If this proposal is accepted by the community, the new blockchain will go live by the end of May.

SEC Commissioner Expects Tighter Stablecoin Regulation — Yellen Says Stablecoins Not Real Threat to Financial Stability

Cryptos Regulation

SEC Commissioner Expects Tighter Stablecoin Regulation — Yellen Says Stablecoins Not Real Threat to Financial Stability
via Bitcoin.com

Also the United States wants further regulation for stablecoins. The Securities and Exchange Commission (SEC) discusses this topic especially after the shock that hit even stablecoins.

Banking

Big bank, little bank: Why fintech relationships are still rocky

Banks Financial Instruments

Big bank, little bank: Why fintech relationships are still rocky
via Sifted

Banks and fintech companies have some points in common, but competition among them is a reality. Despite this, relationships among “older” and new financial companies are always more common, as reported by Banking Circle.

Mastercard partners with Swedish fintech Dreams on sustainable banking

Banks New business models

Mastercard partners with Swedish fintech Dreams on sustainable banking
via Finextra

The Swedish fintech Dreams, focused on financial well being, partners with Mastercard to create new and more sustainable banking products.

Innovation

In a bid to step up security and convenience, Google launches wallets and virtual cards

Payments Security

In a bid to step up security and convenience, Google launches wallets and virtual cards
via Fast Company

The tech giant Google launches its Google Wallet and new virtual cards. The goal is not only to provide more easy-to-use payment methods, but also more secure tools that will also allow users to store credentials, digital tokens, payment methods and much more.

Podcasts and Videos

Cryptocurrency, Web 3 and Metaverse Businesses of the Future – Interview with Karina Rothoff Brix, Denmark Country Manager at Firi

Cryptos Interviews Metaverse

Cryptocurrency, Web 3 and Metaverse Businesses of the Future – Interview with Karina Rothoff Brix, Denmark Country Manager at Firi
via Nordic Fintech Magazine

Chris Crespo interviews Karina Rothof Brix (Firi) to discuss the risks involved in a wider adoption of crypto assets and what this means for Web 3 and future businesses.

Fintech

Forget the metaverse, the Meetaverse is where your next meeting might be at

Metaverse New business models

Forget the metaverse, the Meetaverse is where your next meeting might be at
via TechRadar

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.

BNPL 2.0: In conversation with Philip Belamant co-founder Zilch, on launching UK’s double unicorn in US

Interviews Payments

BNPL 2.0: In conversation with Philip Belamant co-founder Zilch, on launching UK’s double unicorn in US
via TechFundingNews

Zilch, the fintech company focused on BNPL (Buy Now, Pay Later), is about to launch its business also in the US. Philip Belamant, co-founder of the company that is already partnering with Mastercard, said that Zilch wants to create BNPL 2.0 to further innovate the industry and cooperate directly with users.

Payments in Metaverse

Metaverse Payments

Payments in Metaverse
via Card91

The Metaverse is not only about fun and games: always more businesses are launched in the Metaverse – both new businesses or digital branches of big companies – but the space still needs new payment methods to attract even more people.

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Fintech News Issue #363

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