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This Week in Fintech ending 12 March

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

Monday Ilias Hatzis our Greece-based crypto entrepreneur (Founder & CEO at  Kryptonio a “keyless” non-custodial bitcoin and cryptocurrency wallet, that lets users manage bitcoin and crypto, without private keys or passwords and Weekly Columnist at Daily Fintech) @iliashatzis wrote How Money will Disappear

In recent months bitcoin has had a phenomenal rally and for good reason. Big payment giants and listed companies are adopting it and not just in the US. One month after Elon Musk announced that Tesla purchased $1.5 billion worth of bitcoin, the Chinese tech company Meitu announced that it made its entry to crypto, buying $40 million worth for bitcoin and Ethereum. On the other hand, the US government is printing money like it’s going out of style. A few days ago, the Senate voted for the new $1.9 trillion stimulus package. With the last one in April, lots of people used their check to buy bitcoin. Most likely, this will be the case when they get this new check too. So you can understand why big tech and Wall Street players are looking at bitcoin. As we all focus on bitcoin, its price and market cap, JPMorgan is looking a little to the left and to the right. They think bitcoin is a parenthesis and the true value lies in innovative products that will come out of tech companies. Analysts at the bank feel that cryptocurrencies are still plagued by a number of inherent problems that may prevent them from going mainstream. Now if you consider the power struggle we will see between the old and the new, central banks and open source crypto, we may see a slowdown. But crypto is not a parenthesis and anything moving fast at some point will have to catch its breadth. That’s only normal and expected. Bitcoin has ceased to be the play thing for a small group of early adopters, miners and believers in crypto and has become a legitimate alternative to inflationary measures. In the end bitcoin, defi and other cryptos will prevail and fiat will go the way of the dinosaurs.

Editor note: A good look into the positive future of a financial world based on cryptocurrencies. 

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Tuesday Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy wrote:Part 2 = Is Coinbase a good business?

We do not know yet what Coinbase’s public market valuation will be. In a Direct Listing, the valuation will be decided by the market not by few big investment banks.

So all we can do at this stage is to assess whether Coinbase is a good business. At the end I will set some valuation ranges to assess whether Coinbase will be a good investment. It could be a great business but a bad investment.

Editor note: Read this to see if Coinbase is a good enough business to join the elite 10x revenue club. 

Wednesday Alan Scott Managing Director EMEA at 24 Exchange @Alan_SmartMoney wrote Stablecoin News for the week ending Wednesday 10 March 2021.

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

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Thursday

Rintu Patnaik, an Insurtech expert based in India, wrote: Fleet Footed Giants Trail Blaze Ecosystem Paths

From $250 billion in 2020, a study found total value of premiums produced by insurtech will cross $556 billion in 2025, a 123% leap. The Juniper Research study forecasts that shifting customer loyalty, premium reductions induced by increased competition and sweeping digitalization will cause laggard incumbents in motor, life, home and health to become less attractive to potential customers.  Juniper ranked 20 of the largest traditional carriers on insurtech innovation, investment successes and placed AXA, Ping An and Munich Re as pack leaders. This article covers AXA’s far reaching modernization endeavours and the pivotal role of AXA Next, its ecosystem play.

Editor note: Who says Elephants Cannot Dance is the great story of how IBM faced disruption from PCs and thrived. It is possible, as Rintu chronicles here, for insurance incumbents to also innovate in an agile dance.

Christian Dreyer @x3er, the Swiss based CFA who focusses on how XBRL changes our world wrote:XBRL News about ESEF, OSI model for accounting and crowdfunding

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

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Friday Howard Tolman, a well-known banker, technologist and entrepreneur in London, wrote: Alt Lending for week ended 12 March 2021.

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

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

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