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 Whose eyeing your wallet? Blind regulators
Scanning this week’s news there were a few stories that caught my eye.
The Central African Republic has adopted bitcoin as legal tender, becoming the second country in the world to do so after El Salvador. To say that this is big news is an understatement.
Oddity, a D2C makeup company, is offering a security token tied to its upcoming IPO. Security tokens could unlock an opportunity for more people to invest pre-IPO, changing the way private companies fundraise.
The European Parliament launched the final round of discussions on the controversial “Unhosted Wallets” Regulation. The proposed law would require centralized crypto exchanges and custodial wallet providers to collect and verify personal information about self-custodial wallet holders. Trying to use rules from traditional finance in crypto, just shows how out of touch regulators are with crypto.
Editor note: Ilias looks at 3 news items that tell of the legacy finance world grappling with the realities of bitcoin, blockchain and crypto.
Tuesday Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy wrote: Part 1 Introduction to the idea of First the Rest then the West
West is short for wealthy developed economies, historically mostly America and Europe but now also many in Asia ie East; it denotes mindset and wealth more than geography.
Rest is short for Rest of the world.
First the Rest then the West is a bit of fun rhyming with a serious idea that the flow of innovation is reversing from West to Rest in the past to Rest to West in the future.
Editor note: Stay tuned (by subscribing) for next week’s Part 2 when we do a round up of recent news about Fintech innovation from the Rest.
Rintu Patnaik, an Insurtech expert based in India, wrote: Segment-of-one personalization Part 2: USAA, RBC prevail
96% member retention. The highest net promoter scores in home and auto insurance, banking over the last decade. 64% of members reporting that they’re “very satisfied” with the services they receive. These figures far exceed those of most insurers. What does USAA do differently to achieve this stellar track record?
Editor note: In this Part 2, Rintu looks at how one big insurance firm to deliver profitably at scale the one on one service that customers want.
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