FinTech Weekly - Fintech News Issue #334

Issue #334

2021-10-21

COVID-19 reshaped our financial world. From the way we transact, to our digital knowledge, now it seems like if we can't use cash as we've done until the beginning of the pandemic. Now, not being able to pay with cryptos or cards, or being annoyed by difficult transactions seems quite ridiculous. This is forcing businesses to find new solutions - and that's why fintech is booming, and it looks like people are buying more just because paying is easier. Can this be considered the good outcome of Covid?

Top Stories

Simplex partnership: fiat on-ramp and VISA integrated debit cards.
Simplex partnership: fiat on-ramp and VISA integrated debit cards.
via Medium

Hathor Labs partners with Simplex to bring users a new Visa debit card that will support HTR. Users will be able to spend their crypto wherever Visa is supported.

Podcasts & Videos

Searching for Mana: A Unicorn in the Fragmented World of Payments | Claire Gates, PPRO
Searching for Mana: A Unicorn in the Fragmented World of Payments | Claire Gates, PPRO
via The Fintech Times

Lloyd Wahed meets Claire Gates, CCO at PPRO - a global provider of payments - to discuss about innovation in payment methods. People are driving up economic growth at an impressive rate, and this may be the consequence of the ease of paying.

New contactless limit increased – but what happens if someone steals my card? Screen reader support enabled. New contactless limit increased – but what happens if someone steals my card? Turn on screen reader support Anonymous Bat has left the document.
New contactless limit increased – but what happens if someone steals my card? Screen reader support enabled. New contactless limit increased – but what happens if someone steals my card? Turn on screen reader support Anonymous Bat has left the document.
via Mirror

With pandemic, cash transactions decreased by 35% in the UK. To further spread the use of cards, the contactless limit has been increased, from £45 to £100. But what if your card is stolen?

Crypto

Subsidiary of Mexican airline Volaris to accept Bitcoin payments
Subsidiary of Mexican airline Volaris to accept Bitcoin payments
via Cointelegraph

Volaris El Salvador, a subsidiary of Mexican Volaris, will accept Bitcoin as payment. This is a consequence of El Salvador mainstream Bitcoin adoption, and other countries are keeping an eye on this kind of solution.

Facebook Chooses Coinbase As Custody Partner for New Digital Wallet Rollout
Facebook Chooses Coinbase As Custody Partner for New Digital Wallet Rollout
via The Daily Hodl

Facebook launched the Novi crypto wallet in the United States and Guatemala. At the beginning users will be able to transact only with one stablecoin secured by Coinbase - Paxos Dollar (USDP)

Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble
Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble
via Intelligencer

Short sellers who predicted the 2008 financial crisis say Bitcoin is a bubble, and some of them continue to press on for the day when they can say, ‘We told you so'.

FinTech

Fintech Adoption: Central Bank of UAE Partners with DIFC to Support Financial Tech Sector Growth
Fintech Adoption: Central Bank of UAE Partners with DIFC to Support Financial Tech Sector Growth
via Crowdfund Insider

The Governor of the Central Bank of UAE, H.E. Khaled Mohammed Balama Al Tameemi, and the Governor of the Dubai International Financial Centre, H.E. Essa Kazim, signed an agreement to cooperate for the development of the UAE's Fintech sector.

German Fintech N26, Newly Valued at $9 Billion, Again Draws Regulator’s Eye
German Fintech N26, Newly Valued at $9 Billion, Again Draws Regulator’s Eye
via The Wall Street Journal

N26, the startup now the second largest lender in Germany, draw - for the third time - the attention of regulators, who temporarily put a cap on the number of new customers.

Banking

Digital Banking Fintech Revolut Performs Updates to Enhance Security, Streamline UX
Digital Banking Fintech Revolut Performs Updates to Enhance Security, Streamline UX
via Crowdfund Insider

Revolut announces some upgrades: customers will be able to customize logos on invoices, list the merchants they trust to perform easier payments, profit from an enhanced device management.

Innovation

Expensify Launches Free Plan for Small Businesses
Expensify Launches Free Plan for Small Businesses
via Business Wire

Expensify launches its free plan for small business: business owners will be able to use unlimited services and simplify the way they manage money.

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Fintech News Issue #334

Thursday, October 21, 2021

The Other Side of Pandemic See Online Issue #334 2021-10-21 COVID-19 reshaped our financial world. From the way we transact, to our digital knowledge, now it seems like if we can't use cash as we

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Thursday, October 14, 2021

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From the US to China, from Elon to Powell: the compliance-related debate involves everyone - and every firm. See Online Issue #331 2021-09-30 Regulation is what the digital market needs in order to

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