This Week in Fintech ending 11 December 2020

This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives.

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Your Editor is Bernard Lunn. He is also the CEO of Daily Fintech and author of The Blockchain Economy and occasional opinion columnist.

Monday Ilias Hatzis our Greece-based crypto entrepreneur (Founder & CEO at Mercato Blockchain Corporation AG and Weekly Columnist at Daily Fintech) @iliashatzis wrote Monetary Experiment: Bitcoin

Stories about vaccines getting approval have been making the news and everyone is eager to leave this year behind them. No one was prepared for COVID-19. The coronavirus crisis shook the world and forced us to rethink many things. Even before the coronavirus struck, a financial revolution was already underway with cash being the main casualty. A couple things drastically accelerated were the way we move money and make payments. More importantly, the coronavirus made us rethink money and accelerated the pace of bitcoin’s adoption. Will the the post-pandemic world look like what we knew, or will it be something very different? Actually, COVID-19 put the last nail to the coffin of our already debt-ridden economy. Financial historian and senior fellow with the Hoover Institution at Stanford University, Niall Ferguson says bitcoin is winning the Covid-19 monetary revolution. In an article on Bloomberg last week, he wrote: “Bitcoin Is Winning the Covid-19 Monetary Revolution“. In the article, Ferguson said that bitcoin’s sovereignty and built-in scarcity in a virtual world characterized by boundless abundance are driving its adoption. He suggested that the next US administration under Joe Biden, should not form a “blockchain dollar” like China, but instead, it should understand the advantages of integrating Bitcoin into the US financial system. We are going through a great crisis, and a significant turning point in our history. Some predict the pandemic will bring about a new world order led by China. Others hope it will usher in a new age of global cooperation and a new monetary revolution.

Editor note:Ilias analyses the thesis that the pandemic will accelerate the acceptance of Bitcoin.

Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy wrote: Equity Crowdfunding Part 3: Artisanal VC collides with digital innovation.

VCs like to invest in digital innovation, but their own business is artisanal – with a small number of partners making a few big decisions on ventures that are physically close to the VC office.

That is the backdrop to the equity crowdfunding disruption that this 4-part series is describing.

Editor note: Part 3 articulates the thesis that Internet is disrupting venture capital and describes the emergence of “solocapitalists”.


Tuesday Efi Pylarinou @efipm our Swiss-based Fintech Adviser,  founder of Efi Pylarinou Advisory and a Fintech/Blockchain influencer – No.3 influencer in the finance sector by Refinitiv Global Social Media 2019 wrote The power of the Stripe Treasury Baas

Stripe Treasury, one of the two new Stripe offerings, is creating a buzz and rightly so. This is not the first time, I write about Stripe, the most valuable privately held Fintech.

Stripe has had a developer focus in payments and the Collison brothers, John and Patrick, insist that they will not be seeking a banking license unlike several other grown-up Fintechs. The word in the market is that Stripe maybe raising more money taking its valuation from $36billion to $70billion.

Editor note:  If you want to understand Stripe growth prospects read this post. Banks are being commoditized like Uber drivers. 

Wednesday Alan Scott Managing Director EMEA at 24 Exchange @Alan_SmartMoney wrote Stablecoin News for the week ending Wednesday 9 December 2020.

This weekly snapshot is the news that matters in the Stablecoin market.



Rintu Patnaik, an Insurtech expert based in India, wrote: Top 5 Insurtech Pathways For the New Year

As we reach the end of the year, business and technology teams have emerged out of their intense annual review sessions ready with plans for the next year. The prognosis forebodes more caution as executives grapple with scenario options ranging from a quick rebound to likelihood of further drag in the recovery. At the same time, there are many green shoots and those well prepared have plentiful to gain.

Editor note: If you work in the huge fast changing Insurtech business, read this to get a ahead of the pack on what may happen in 2021.

Christian Dreyer @x3er, our Swiss based CFA who focusses on how XBRL changes our world wrote:XBRL News: sustainability reporting, Dutch real estate and ESEF

Editor note: This weekly snapshot is the news that matters in the XBRL market.


Friday Howard Tolman, a well-known banker, technologist and entrepreneur in London, wrote: Alt Lending for week ended 11 December 2020

Editor note: This weekly snapshot is the news that matters in the Alt Lending market.


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