This Week in Fintech ending 15 April 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 The Rise of Lightning

Bitcoin’s Lightning Network (LN) was the talk of the town this past week. Watching some of the videos from the Bitcoin 2022 conference in Miami, what stood out was that a string of companies, including Robinhood, Cash App, and Strike, unveiled support and expanded uses for the Lightning Network at the conference.

Editor note: The Lightning Network, key to Bitcoin being used for every day payments, may soon deliver on its potential.

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Tuesday Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy wrote:Part 3 A multipolar global reserve currency future?

No single contender looks like an obvious fit:

  • USA/USD is current reserve currency but no reserve currency lasts forever.
  • Europe/EU is a weird mix of independent countries and a single currency.
  • China/CNY is the emerging economic power but their currency is not fully convertible yet and not trusted in many parts of the world. This is not like the UK handing leadership to USA with much shared beliefs and culture.
  • Gold. This has the non-inflationary credentials and thousands of years of history, but as a physical commodity it is not Internet-friendly.
  • BTC. This e-gold currency is Internet-friendly, making global transfers easy, but it is not mainstream-accepted.

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.

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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: Return on Equity Trends Up, As Leaders’ Bets Pay Off

A combination of large pay-outs for different kinds of carriers and the impact of low interest rates in developed markets has caused the average total shareholder return of publicly held insurance companies to drop into negative territory. This –5% average return was much below the 15% average return recorded in other industries, pushing insurance to near bottom.

Editor note: Rising interest rates should be good for Insurance stocks.

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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