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This Week in Fintech ending 23 July 2021

Date:

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 What’s next for DeFi?

In the financial world, 2021 will likely be remembered for two things. First, it was the year that Bitcoin began to gain traction, with a growing number of major financial institutions, huge technology corporations, and even a government signing on. Second, it’s the year DeFi’s value exploded, rising from less than $1 billion to $88 billion, since May 2020. More importantly, DeFi gets rid of the necessity for centralized regulated money custodians and creates a new system based on transparency, democracy, and seemingly limitless mobility.

Editor note: Ilias takes us on a data-driven tour of the state of the art in Defi (Decentralised Finance).

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Tuesday Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy wrote: 4 part series on Lightning Network Part 3: Tigger says be patient it is happening and will change everything

Tigger bounced onto stage at the Pooh Corner Tech Debate and got a big cheer when he said “soon all Bitcoin wallets will have a Lightning Network capability and users will simply notice faster confirmation and lower fees.”

A positive heckler shouted “and that will solve the economic incentive issue for node operators that Eeyore was blathering about”.

On an excitable roll, Tigger pointed to recent news indicating traction.

Editor note: If last week’s post was too bearish for you, you will like this bullish take on Lightning Network.

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: API-led Platform businesses rising – Swiss Re’s iptiQ in focus

Digital ecosystems, orchestrated by powerful platform businesses and crisscrossing traditional industry sectors, are estimated to top 30% of global economic activity by 2025. While Amazon, Google, Alibaba, Tencent are early pioneers, others are shaping up across strata, in B2B as well as B2C. They thrive by efficiently matching supply with demand while solving deep entrenched problems, such as protection gaps.

Editor note: Rintu analyses the B2B2C ecosystem from Swiss Re that they call iptiQ

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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Source: https://dailyfintech.com/2021/07/23/this-week-in-fintech-ending-23-july-2021/

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