This Week in Fintech ending 8th 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 Are you a bitcoin skeptic or believer?
Over the years, bitcoin has gone from fringe to mainstream. Once the playground for diehard developers, it has become a major topic of conversation for governments, big tech, and banks who are looking to position themselves to make a land grab.
Since the dawn of bitcoin, there’s been a power struggle between the old and the new. Bitcoin believers and skeptics have voiced their opinions about the future of the market. Believers say that bitcoin and tokenization will change everything – cheaper, faster, better – while skeptics think it’s a huge bubble, a figment of people’s imagination that should be worth zero and will eventually implode, or they say things “I like blockchain but not bitcoin, let’s separate them.”
But the conversation goes way beyond bitcoin.
It’s about what these digital economies and digital assets will look like in the future. It’s about how they will unleash a commercial and creative renaissance. It’s about how we move forward in order to avoid making mistakes in the decentralized world we are trying to build.
Are you a bitcoin believer who thinks it will change our future and make it better? Or are you a skeptic that thinks that it’s destructive to the financial system and the environment?
Editor note: Ilias makes a good case for visualising a better world where Bitcoin is in regular use.
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Tuesday Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy wrote: Part 2 what happens in El Salvador does not stay in El Salvador.
I believe that the future of Bitcoin will be written in El Salvador. That is why we have dedicated a 4-parter to Bitcoin in El Salvador in the past. If Bitcoin is a success for El Salvador’s people, many other countries will follow their lead.
The stakes are now very high with Bitcoin becoming a not insignificant player in global geopolitics
Editor note: The inconceivable is happening, with Bitcoin being treated seriously by major players in the battle over the next global reserve currency.
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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: Lloyd’s Labs’ latest cohort tackles climate
From floods and rising mercury to cold waves, climate-related events impact the insurance industry in multiple ways. A 2018 extreme freeze in the U.K. led to pay-outs for burst pipes of $263.16 million over three months. In the same year, an extreme heatwave saw over 10,000 homes in the U.K. claim for damage caused by subsidence, exceeding £64 million.
Editor note: Climate risk is a huge problem for Insurtech to solve.
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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