FinTech Weekly - Fintech News Issue #351

Issue #351- Even the Oracle of Omaha Invests In Crypto-Friendly Companies

2022-02-17

This is one of the most interesting news covered today by FinTech Weekly: blockchain technology and fintech firms are always attracting more investments. The last frontier of these technologies is the metaverse: celebrities, investors and blockchain lovers are creating a new world where even JPMorgan launched a virtual lounge. This and much more on this number of FinTech Weekly!

Top Stories

Warren Buffett invests $1B in Bitcoin-friendly neobank, dumps Visa and Mastercard stocks
Warren Buffett invests $1B in Bitcoin-friendly neobank, dumps Visa and Mastercard stocks
via Cointelegraph

Warren Buffet, the “Oracle of Omaha”, decreased his exposure in Visa and Mastercard to increase exposure in Nubank, the Brazilian fintech bank appreciated by Bitcoin investors. But Nubank is not the only crypto-friendly company in the portfolio of the popular investor.

Top Events

African Digital Week
African Digital Week
via FinTech Weekly

African Digital Week is a virtual event, dedicated to the digital transformation of modern society. It includes 15 forums, giving the viewers useful information about the essential trends related to digital technology. Experts and business leaders from Africa and around the World will come to share personal and professional knowledge, best-case practices and showcase project experiences.

Podcasts & Videos

News: GoCardless, Stitch and Vivid Money raise funding to solve money movement friction
News: GoCardless, Stitch and Vivid Money raise funding to solve money movement friction
via Fintech Insider

Ross Gallagher and Deepa Anikhindi are joined by Kiaan Pillay - co-founder and CEO of Stitch - and Catherine Birkett - CFO at GoCardless. Fintech Insider hosts and their guests discuss some of the most important news in the fintech space.

Crypto

Portugal slowly becoming a ‘haven’ for European Bitcoiners
Portugal slowly becoming a ‘haven’ for European Bitcoiners
via Cointelegraph

Portugal is becoming one of the countries that are introducing more improvements for crypto investors. One of the most interesting aspects is the fiscal system, extremely favourable to crypto holders and investors.

$1T opportunity: JPMorgan becomes first major bank in the metaverse
$1T opportunity: JPMorgan becomes first major bank in the metaverse
via Cointelegraph

JPMorgan invests in the metaverse: the blockchain-based world Decentraland hosts a virtual lounge of the bank. This market opportunity is worth $1 trillion. The name of the lounge is Onyx Lounge, and visitors can see a digital portrait of Jamie Dimon there.

FinTech

10 fintech investors discuss what they’re looking for and how to pitch them in Q1 2022
10 fintech investors discuss what they’re looking for and how to pitch them in Q1 2022
via TechCruch

Mary Ann Azevedo (TechCrunch) interviews 10 investors to know what they look for when investing in startups: Anish Acharya (Andreessen Horowitz), Christina Melas-Kyriazi (Bain Capital Ventures), Ethan Choi (Accel), Pete Flint (NFX), Munish Varma (SoftBank Investment Advisers), Nigel Morris (QED Investors), Tyler Griffin (Financial Venture Studio), Mark Fiorentino (Index Ventures) and Sheel Mohnot (Better Tomorrow Ventures).

Today in FinTech: Bank of America Invests in UK FinTech to Tackle Card Processing Fees
Today in FinTech: Bank of America Invests in UK FinTech to Tackle Card Processing Fees
via PYMNTS

Fintech firms and banks are cooperating to find more innovative solutions for merchants and to enhance security: one of these collaborations is represented by the partnership between Bank of America and Banked to reduce transaction fees.

Banking

Synctera launches Community Bank with FinTech partner
Synctera launches Community Bank with FinTech partner
via IBS Intelligence

Synctera provides its platform and tools to fintech creators, communities and entrepreneurs. The platform has recently participate in the partnership between Lineage Bank - the U.S. community bank - and GoGetr - the fintech platform that helps people with their savings and health.

The Coming Boom In Metaverse Lending For Banks
The Coming Boom In Metaverse Lending For Banks
via Forbes

The metaverse is becoming more and more popular and successful: entrepreneurs and investors are buying lands and houses in the metaverse, and now also people who have no money to invest are starting to get mortgages to buy their virtual houses.

Ripple Partners With Central Bank Digital Currency Think Tank
Ripple Partners With Central Bank Digital Currency Think Tank
via The Daily Hold

Ripple is cooperating with the think tank DEA (Digital Euro Association) to create CBDCs (Central Bank Digital Currencies). This can be a further step towards regulation and the creation of different stablecoins.

Innovation

The Next Step in Buy Now Pay Later? Fintech Industry Reacts to the New Klarna Card
The Next Step in Buy Now Pay Later? Fintech Industry Reacts to the New Klarna Card
via The Fintech Times

Finally, Klarna announced the launch of its physical card: the card will be launched in the UK as part of Klarna's “Pay in 30” program, so consumers will be able to delay payments also for purchases in physical stores.

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