We receive a lot of announcements concerning FinTech products, which we generally do not post, even though many of them are interesting. This week, we are listing some of the best news items in the payments sector. Let us know what you think of this format and if you would like to see more. Chinese Digital RMB Tax Payments Begin in Beijing The Beijing Daily reports that the … [Read more...] about Payments Products Posts
Regulators Take Aim at DeFi
Decentralized Finance, more commonly known as DeFi, has been a growing sector on the wild frontiers of digital finance throughout 2021 – we’ve covered it ourselves a number of times over the past six months. It’s a space that excites many adventurous investors, as the yields look incredibly promising. But with multiple high-profile scams and hacks marring the space even as … [Read more...] about Regulators Take Aim at DeFi
NFTs (Part2): Is It Art and What’s It Worth?
In a recent conversation on crypto and NFTs, the inevitable question came up: what's this stuff worth? It's a link on a blockchain, after all. Yet NFTs are shaking up the art world, raising questions of artistic aesthetics and investment values. Artists can benefit both economically and legally. I covered the economic and legal aspects of NFTs in How Misuse of a Technical … [Read more...] about NFTs (Part2): Is It Art and What’s It Worth?
NFTs (Part 1): How Misuse of a Technical Term Obscures an Economic and Legal Function
The record-setting price of bitcoin this week, driven by the launch of the first U.S. bitcoin exchange-traded fund (ETF) – the most successful ETF launch in history – may support one of the year's other major FinTech stories: the rise of NFTs. The bitcoin EFT makes it possible for investors to buy exposure to the future price of bitcoin without purchasing either the futures … [Read more...] about NFTs (Part 1): How Misuse of a Technical Term Obscures an Economic and Legal Function
Could FinTechs Bridge the Inclusion Gap?
The problem of inequity for minority communities in America has many faces, with access to financial services still lagging concerningly behind. Black and Latinx households make up more than 60% of the nation’s unbanked, and nearly half of underbanked households, according to FDIC surveys. Efforts to foster greater inclusivity provided a focal point to the recent Washington … [Read more...] about Could FinTechs Bridge the Inclusion Gap?
FinTech and Crypto: 7 Years On
This post marks the seventh anniversary of FinTech Rising. I wrote the first posts while attending the 2014 Sibos* conference in Boston. The biggest thing I learned at that conference was the emergence of bitcoin into the mainstream financial system. As I wrote in that first FinTech Rising post, "Throughout the conference, the line on Bitcoin went something like this: It may … [Read more...] about FinTech and Crypto: 7 Years On