This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives.
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Your Editor is Bernard Lunn. He is also the CEO of Daily Fintech and author of The Blockchain Economy and occasional opinion columnist.
Monday Ilias Hatzis our Greece-based crypto entrepreneur (founder and CEO at Kryptonio, a “keyless” non-custodial bitcoin and cryptocurrency wallet, that lets users manage bitcoin and crypto, without private keys or passwords)@iliashatzis wrote Bitcoin and Defi are bringing in more VC dollars
The coronavirus had a negative impact on investment in early stage crypto startups, early in the year. The economic uncertainty caused by the pandemic made venture capital companies hesitant to invest in the first half of 2020. Yet, there is reason for optimism, as things are starting to turn around. In the third quarter of this year. Crypto startups have raised $900 million in venture capital, more than 3x of what was raised in Q2 2020.
Editor note: VC investment in crypto tends to track Bitcoin price and as that is on a tear….
Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy wrote: Cross border payments part 4: opening the door to adjacent markets
The cross border payments market is big. As per McKinsey, global payments revenues were $1.9 trillion in 2018, a big part of most bank’s transaction banking revenues.
What happens when cross border payments moves to free?
It is possible that cross border payments price comes down by 90% and volumes increase by 10x ie the total revenue remains the same. However, the friction difference between very cheap and free indicates that cross border payments will become free. A price of even $1 creates friction; this will only change when micropayments goes mainstream.
So the more likely scenario is that somebody gets to scale by offering cross border payments for free and monetizes by becoming a platform for the adjacent markets.
Which is good news for upstarts and bad news for incumbents (such as banks) who are playing defense.
Editor note: This concluding Part 4 looks the markets adjacent to cross border payments that will open up to any company that offers a free service.
Tuesday Efi Pylarinou @efipm our Swiss-based Fintech Adviser, founder of Efi Pylarinou Advisory and a Fintech/Blockchain influencer – No.3 influencer in the finance sector by Refinitiv Global Social Media 2019 wrote Reflections on core banking infrastructure as a moat
I admit that Twitter is an energy vampire. Don’t get me wrong, philosophically, there is no good or bad, black or white, ethical or unethical. All I want to say, is that I have become very much aware that more than 30min on Twitter at a time, drains my energy, clouds my mind, and takes me down a black whole (sometimes also gets our food burnt).
On the positive side, I get to e-meet and hear from people contributing insights and experiences and this excites me a lot. Maybe in 5yrs, I will have an AI that will support me in curating Twitter, Linkedin, News, and all my Fintech-Tech subscription threads.
Editor note: Efi looks at all the pieces needed to win in the market of banking as a service.
Wednesday Alan Scott Managing Director EMEA at 24 Exchange @Alan_SmartMoney wrote Stablecoin News for the week ending Wednesday 18 November 2020.
This weekly snapshot is the news that matters in the Stablecoin market.
Rintu Patnaik, an Insurtech expert based in India, wrote: A Confluence Of Evolving Themes In Insurtech
After eleven weeks of chronicling discernible trends and dominant movers in insurance and tech, I have barely scratched the surface of shifts this enormous engine of commerce is embarking upon. Meantime, I have covered upstart unicorns, innovating incumbents and those in between. The period saw more press go to extol virtues of the booming insurtech space, what with an IPO and few that announced plans. It also saw the culmination of a major presidential race, with decidedly some impact on the course the sector might take.
Editor note: A well informed tour of the innovation trends in Insurtech.
Christian Dreyer @x3er, our Swiss based CFA who focusses on how XBRL changes our world wrote XBRL News: ESEF, sustainability standards and business models
Editor note: This weekly snapshot is the news that matters in the XBRL market.
Friday Howard Tolman, a well-known banker, technologist and entrepreneur in London, wrote: Alt Lending for week ended 20 November 2020
Editor note: This weekly snapshot is the news that matters in the Alt Lending market.
Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy wrote: Daily Fintech announces Quintin Gomez as technology adviser based in Silicon Valley
Daily Fintech is tapping the expertise of Silicon Valley based Quintin Gomez to help guide a transition to becoming a software enabled media business.
Daily Fintech is a globally decentralized business with readers and expert contributors all over the world. So it was natural that the company should not be constrained by location as it builds out it’s Global Non-Executive Advisory Committee.
Quintin joins Paul Conley, based in New York City and focussed on content.
Bernard Lunn told us “I have worked with Quintin in multiple companies and have a deep respect for his approach to building great software. Quintin has led software teams in well known firms such as Misys and Intuit.
Editor note: Daily Fintech is becoming a software enabled media business, so the company needs good advice about software.
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