Fasanara Fintech Weekly

"Ape Now - Pay Later" NFT Loans, Salary Finance, SEC Crypto Regulations, Web3 Messaging & More News.




Happy Friday!



In this edition:


  • Payments still needs a fintech revolution

  • 'Ape Now, Pay Later' loans bring BNPL to the NFT Market

  • Is salary finance the new payday loan?

  • SEC weighs waiving some rules to regulate crypto

  • Startups race to build a crypto-native, consumer-friendly messaging platform for web3.




 

Payments still needs a fintech revolution.



This week London gets to show off a jewel in its innovation crown: its fintech sector. There are 24 active fintech unicorns residing in the UK stables and last year investment in the sector surpassed $37bn. London is a hotbed of fintech innovation.


In one critical area of financial services, however, cut through of the UK’s innovative fintechs has so far been limited: payments. To state the obvious, payments are central to the functioning of our economy, and how much it costs to pay is increasingly important as recent events have conspired to increase prices at a rampant pace.


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'Ape Now, Pay Later' loans bring BNPL to the NFT Market.



Decentralized finance lender Teller announced Thursday the launch of a new BNPL feature for some the most popular nonfungible tokens, including Bored Ape Yacht Club, Doodles, Meebits, Cool Cats and others. The service is participant-driven, meaning users will directly lend to and borrow from each other.

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Is salary finance the new payday loan?



It is very easy for many who are new to the fintech space to think that financial technology is an exclusive term for payments technology, and while there is some truth to this, it does not tell the entire story about fintech. However, in June, The Fintech Times is looking to indulge this belief as we look to discuss hot topics surrounding both sending and receiving payments, like buy now pay later (BNPL), early paydays and much more.


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SEC weighs waiving some rules to regulate crypto.



Managers Wall Street's top regulator may use its authority to exempt crypto companies from certain securities laws to help the industry come into compliance, Securities and Exchange Commission Chair Gary Gensler said Thursday.


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Startups race to build a crypto-native, consumer-friendly messaging platform for web3.



There’s no shortage of headlines about the onset of “crypto winter.” Amid a growing pile of bankruptcies, one of the buzziest startups in the business, the NFT marketplace OpenSea, announced a major layoff just today.


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Thanks for your time!