This Week in Fintech ending 19th March 2021

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 Saving Mr. Gates

The story is set in 2021. Gates has steadfastly resisted bticoin, and recently said that he’s worried that bitcoin uses more electricity per transaction than any other method known to mankind. The truth is that Gates has been bearish on bitcoin for some time now. Three years ago, during an “ask me anything” session on Reddit, Gates said that cryptocurrency has been responsible for various evils, including buying Fentanyl and other drugs, money laundering, tax evasion and terrorist funding. In 2018, Gates said that he would short bitcoin if there were an easy way to do it. A 31-year-old Gates became the youngest billionaire in the world in 1987, shortly after Microsoft went public. In 1995, at age 39, he was the richest man in the world with a fortune of $12.9 billion and held the title on and off for decades. But there’s a simple reason Gates is no longer the richest person alive, and it’s not because of Tesla’s or Amazon’s tremendous growth. Bill and the Gates Foundation made a mistake when they chose not to embrace bitcoin. While Bill Gates is an extremely smart man, he does not understand bitcoin and decentralization. Microsoft’s ex-chief built a company that’s the epitome of a centralized organization. But there is so much that he could do for the world, if he embraced in bitcoin and the decentralized values it stands for. He could strengthen the global community’s philanthropic impact by facilitating a faster, affordable, and more secure process for moving funds all around the world. He could ensure financial inclusion for everyone.

Editor note: Gates does not like Bitcoin, So, sell Bitcoin? Or read this if you think Gates may have got this one wrong. 

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Tuesday Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy wrote:Part 3 = How will Coinbase manage strategic headwinds aka risks?

The Coinbase S-1 has a lot of boilerplate plate language on risks. The text is designed to be so boring that you won’t bother reading it.

Here are the four strategic headwinds aka risks that Coinbase faces in non-legal language:

Editor note: Do you think Coinbase will manage these four strategic headwinds? 

Tuesday Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy wrote: Watch out Wall Street, Capital Markets disruption is coming

Wall Street is good at managing through disruption as it is a dynamic, competitive ecosystem not a group think hierarchy. There will be some Wall Street firms that seize the opportunities from disruption, while other firms suffer a Blockbuster/Kodak type fate. Some Wall Street firms are coopting Direct Listings and we can expect some Wall Street firms to coopt Security Tokens. Whatever happens we can be very confident that the future of Capital Markets will be totally different from the past. In this post we aim to work out where the puck is headed.

Editor note: Read this if you are entrepreneur or an investor or you serve entrepreneur or investors.

Wednesday Alan Scott Managing Director EMEA at 24 Exchange @Alan_SmartMoney wrote Stablecoin News for the week ending Wednesday 17 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: The Changes Underway in the Flood Insurance Market

Flooding is the number-one natural peril in certain advanced markets, superseding wildfire and storm. Millions of properties are at substantial risk – and frequency and severity of floods on the rise. Still, gap in flood insurance is inordinately high, with <5% of single-family homeowners in US having one. Globally, since 1980 flooding accounted for ~40% of loss-related natural catastrophes, with losses totaling US$1 trillion. Per Munich Re, a mere 12% of losses were insured. The flood insurance market was valued at US$9.03 billion in 2019 and is projected to reach US$27.31 billion by 2027, at a CAGR of 14.84% during 2020-27. Historically, flood insurance had been unprofitable or unaffordable in high-risk areas which demanded government intervention.

Editor note: It is of course all about data. Read this post to find out why and how.

Christian Dreyer @x3er, the Swiss based CFA who focusses on how XBRL changes our world wrote: XBRL News regarding data amplification with a view to being digitally sustainable from the start, even for banks

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 19 March 2021.

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

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