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This Week in Fintech ending 11 February 2022

 

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 Crypto trading: ‘big fee‘ or ‘no-fee‘ future

In 2000 we had the “dot-com bowl,” and twenty-two years later it looks like we’re going to have the first “crypto bowl.” Among this year’s Super Bowl advertisers are two crypto companies, Crypto.com and FTX. Advertising during the Super Bowl can put a brand in front of an audience of 100 million people, but placing an ad during the game has always been a very expensive sport. According to an article in AdAge, a 30-second spot for this year’s Super Bowl LVI will cost $6.5 million. Next Sunday, Crypto.com will be airing its “Fortune favors the brave” ad, with Matt Damon, which has caught a lot of flack this past week, with the funniest being South Park’s season premiere.  Earlier this year, Crypto.com paid $700 million for a 20-year deal giving it naming rights on the Staples Center in Los Angeles, home of the Lakers and Kings. And Crypto.com is not the only one, FTX put their name on the Miami Heat’s Stadium, signed a huge deal with the MLB, and enlisted NFL legend, Tom Brady, as an ambassador.

Editor note: Trading fees for legacy finance have fallen to zero, why are they so high in crypto? 

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Tuesday Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy wrote: Web3 Part 2 Why decentralisation is back to the future

The Internet was originally designed as a decentralized system to withstand attack by the Soviet Union during the cold war.

The Internet protocols are also permissionless. You just connect your system to the Internet. Nobody can stop you – except the market if you don’t add value.

That changed with Web 2

Editor note: Some subjects are too complex for our short attention spans, so we do 4 posts one week apart, each one short enough not to lose your attention but in aggregate doing justice to the complexity of the subject. Stay tuned by subscribing.

Wednesday Alan Scott Managing Director EMEA at 24 Exchange @Alan_SmartMoney wrote his weekly roundup of Stablecoin news.

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Thursday

Rintu Patnaik, an Insurtech expert based in India, wrote: A Bank, An Insurer & Their Digital Transformation Playbooks

Across economies, there is rising evidence of correlation between total shareholder return (TSR) and digital capabilities. “Digital champions” had annual TSRs that were 5% higher than “digital laggards”. They were also faster growing with nearly 6% higher annual premium growth and 1.8X higher valuation multiples. Their net promoter scores were 8 points higher.

Successful digital transformations are rare, despite the executive attention to build digital capabilities that drive customer centricity and productivity. Failed initiatives are not just in troubled companies – market leaders and investor favorites have also failed. New research shows that 70% of digital transformations fall short of objectives.

Editor note: Read this to understand a forward indicator of investor returns, powerful insights for any investor.

Christian Dreyer @x3er, the Swiss based CFA who focusses on how XBRL changes our world wrote his weekly roundup of XBRL news.

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Friday Howard Tolman, a well-known banker, technologist and entrepreneur in London, wrote his weekly roundup of Alt Lending news.

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