FinTech Weekly - De-Dollarization & Cryptos - Issue #414

The current economic and financial crisis could lead to the end of the US dollar hegemony.

May 04, 2023

The current global and economic financial crisis may lead to the end of the US dollar hegemony. De-dollarization is not a recent story, but it seems that this process could now be accelerated by the decisions of US regulators and government. De-dollarization is currently studied by professionals and economists, and even Janet Yellen, the US Secretary of the Treasury, addressed the topic publicly. The same did Lavrov, the Russian Foreign Minister, who said that de-dollarization can’t be stopped now. The BRICS block is the leader of the process: Brazil, Russia, India, China and South Africa want to create a reserve with a global currency. This, of course, raises questions about the role of cryptocurrencies – and it seems that Bitcoin might become the next hegemonic currency around the world. This and much more in this number of FinTech Weekly – follow us to discover fintech news, events and insights.

Russian Foreign Minister Sergey Lavrov States De-Dollarization 'Can No Longer Be Stopped'
Russian Foreign Minister Sergey Lavrov States De-Dollarization 'Can No Longer Be Stopped'
— via Bitcoin.com

Sergey Lavrov, the Russian Foreign Minister, recently addressed the issue of de-dollarization. The mix of sanctions issued, along with the banking crisis, is putting at risk the supremacy of the US dollar. Digital currencies seem to be the solution – and many countries are already studying and using this solution to avoid further economic and financial problems.

According to Lavrov, the US has to be blamed for this shift towards digital currencies and for the current global financial and economic crisis. Moreover, he assessed that de-dollarization can’t be stopped.

Fintech World Forum 2023 and Impact Investing Conference 2023
Fintech World Forum 2023 and Impact Investing Conference 2023
— via Fintech World Forum

FinTech World Forum 2023 is based in London UK Europe as one of the leading fintech events 2023 for the global financial services, finance, and banking technology industry. Its focuses on Mobile Payments, Lending, Insurance, Blockchain, Bitcoin, Investment, Money, Crypto, Cryptocurrency, Digital, Innovation, Wallet, Pensions, Funds, Payment, Tech, Financial Services, Technology, Bank, Wealth Management, Insurtech, Regtech, and Wealthtech.

Idea that China will replace U.S. dollar ‘is not a story for today’, says Niall Ferguson
— via CNBC

Niall Fergusson (Stanford University Hoover Institute Senior Fellow), says that de-dollarization is not a recent story. The movement is now making headlines due to the policies adopted by US regulators. Nevertheless, he doesn’t think that the dollar will be replaced soon.

BRICS Nations De-Dollarization Could Pave the Way for Mass Bitcoin Adoption
— via Watcher Guru

The BRICS block is leading the de-dollarization of the global economy. Brazil, Russia, India, China, and South Africa have already surpassed the nations that form the G7 for what concerns purchasing power parity, and now they want to create a global reserve currency. This may lead to a massive adoption of Bitcoin.

Hong Kong to local banks: play nice with crypto firms
— via The Block

In the meantime in Hong Kong, monetary authorities go on with their plan to create a regulatory framework that can help crypto firms to be fully compliant. Bloomberg reported that the Hong Kong Monetary Authority said that it expects banks to collaborate with licensed crypto firms, in order to support their right to have and use bank accounts compliantly.

FDIC order against Cross River Bank is a warning on fintech alliances
— via American Banker

In the meantime in the US, the FDIC – Federal Deposit Insurance Corporation – issued an order against the New Jersey-based Cross River Bank for allegedly engaging in unsafe practices that arose from its partnership with fintech lenders.

AI tool created by JPMorgan analyzes Fed speeches to signal trades
— via Cointelegraph

JP Morgan, one of the top US investment banks, continues to embrace tech innovations. The bank reported the creation of a new AI tool that uses ChatGPT to analyze the Fed statements and detect potential trading signals.

Elon Musk introduces Twitter monetization avenues for content creators
— via Cointelegraph

Good news for Twitter creators. Elon Musk’s plan to turn Twitter into an “Everything” and user-centric app took a step forward. Musk announced the introduction of monetization opportunities for Twitter creators that can now enable subscription-only content.

Owners Bank Announces Ecosystem of Strategic Fintech Partners Fueling "No BS" Banking for Small Businesses
— via Yahoo! Finance

Owners Bank, the digital bank designed to offer small businesses the same financial opportunities offered by big banks to big companies, announced its partnerships with fintech companies to make the banking process as seamless as possible for small businesses.

Muslims come into the frame in Southeast Asia’s fintech boom
— via TechCrunch

New fintech companies arise to meet the needs of Muslims that want to be a part of the fintech boom experienced by Southeast Asia. These fintechs focus on Islamic finance – and this implies being Shariah-compliant, for instance by enjoying profit sharing agreements, avoiding transactions that involve tobacco or alcohol, and avoiding charging interest rates.

Top 12 CeFi Lawsuits of 2022 – The Many Ways CeFi Broke
— via FinTech Weekly

Amidst all the difficulties CeFi had to cope with in 2022, we talked about the top CeFi lawsuits under a 2023 perspective – read the complete article about the many ways CeFi broke.

Jobs

Founding Relationship Manager
Founding Relationship Manager
— via Parker

We are looking to expand our headcount quickly to support the demand.

System Administrator (m/w/x)
System Administrator (m/w/x)
— via OptioPay Group

Don't see your dream position in the list? We are always looking for talented and driven team members! If you would like us to keep you in mind for future opportunities, feel free to apply!

Senior Business Development Manager
Senior Business Development Manager
— via PayFuture

We are looking for a Senior Business Development Manager to create & close new opportunities via cold calling and other proactive outreach methods.







This email was sent to you
why did I get this?    unsubscribe from this list    update subscription preferences
FinTech Weekly c/o Tipping Point UG · An der Bottmühle 5 · Köln 50678 · Germany

Older messages

To Greed or Not to Greed? That is the question - Issue #7

Sunday, April 30, 2023

Who should be blamed? Fintech founders excessively able to hype their companies, uncautious buyers, or overwhelming regulators? View this email in your browser Greed: To or not? FintechWeekend Issue #7

Will AI Replace Humans? - Issue #413

Thursday, April 27, 2023

From the opinions of CEOs and researchers, it's very likely that it will happen – also in finance. April 27, 2023 From human replacement to a top player in the next wave of tech developments and

Will the EU be able to compete with the US and China? - Issue #6

Sunday, April 23, 2023

AI competition begins – and the outcome might affect some regions more than others. View this email in your browser Will the EU be able to compete with the US and China? - Issue #6 April 23, 2023 tldr;

Generative AI & Intelligent Virtual Beings - Issue #412

Thursday, April 20, 2023

Generative AI is playing a major role in the revolution we're living, but not all regions are equal. April 20, 2023 Top tech giants, banks and fintech companies are using or integrating generative

The End Of Twitter & New Rivals - Issue #411

Wednesday, April 19, 2023

The recent economic and financial downturn didn't stop fintech, but innovation still faces troubles. April 13, 2023 The fintech space is always able to innovate the different economies around the

You Might Also Like

How To Make A New Year’s Resolution

Tuesday, December 24, 2024

An experiment looks at ways to make New Year's resolutions succeed. View this email online Planet Money Hey, it's Greg Rosalsky. Here at Planet Money, we cover the people and forces that shape

🎅 The year in review

Monday, December 23, 2024

The economy in 2024, the market's winners, and feeling emotional | Finimize TOGETHER WITH Hi Reader, here's what you need to know for December 24th in 3:10 minutes. The global economy held up

Stop overpaying for your student loans

Monday, December 23, 2024

Find out how refinancing can help you save ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Economic Lessons from the Last Few Singularities

Monday, December 23, 2024

Plus! Conflicts and Confluence; Bonds; Empire Building; China; The Capital and Talent Cycle Economic Lessons from the Last Few Singularities By Byrne Hobart • 23 Dec 2024 View in browser View in

Don't Miss This NYSE IPO Opportunity

Monday, December 23, 2024

Urgent: Unique IPO Opportunity in a Multi-Billion Dollar Industry ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Look what this top trader shared on Fox Business

Sunday, December 22, 2024

Get your copy today ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Longreads + Open Thread

Saturday, December 21, 2024

Inflation, AI, Linkrot, Data, Research, Pod Shops, Life Advice, Nvidia Longreads + Open Thread By Byrne Hobart • 21 Dec 2024 View in browser View in browser This issue of The Diff is brought to you by

Post-Election Market Warning: Here's what's next...

Saturday, December 21, 2024

Urgent warning issued... ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

⭕️ A tech play with a nice ring to it

Friday, December 20, 2024

Finimize TOGETHER WITH Hi Reader, here's what you need to know for December 21st in 3:07 minutes. Novo Nordisk shares slimmed way down as investors felt disappointed by the firm's latest

Imagine finally becoming a homeowner

Friday, December 20, 2024

Find the mortgage lender that fits your needs and wants ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌