Fasanara Fintech Weekly

Cashless Opens Fintech Lending Door, Top DeFi Platforms, US-Israel Fintech Partnership & Other News




Happy Thursday!



In this edition:


  • Why cashless payments open the door for fintech lending

  • US and Israel partner on fintech and cybersecurity innovations

  • Investors are betting $27 billion that Web3 is the future of the Internet

  • The Bank of England should beware the lure of digital currency

  • What are the Top DeFi Platforms?




 


Why cashless payments open the door for fintech lending.



Fintech lenders are more likely to approve loans to borrowers who have adopted cashless payments than to non-adopters, according to a recent research paper titled “Fintech Lending and Cashless Payments” by experts at Wharton and elsewhere.


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US and Israel partner on fintech and cybersecurity innovations.



The US and Israel are spearheading new innovations in fintech, with many techs operating out of both countries.


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Investors are betting $27 billion that Web3 is the future of the Internet.




There’s nothing that the techies and crypto kings of Silicon Valley love more than a good buzzword, and they’ve got a new one going around that’s picking up steam: Web3.


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The Bank of England should beware the lure of digital currency.



Imagine The Bank of England is still mulling over the introduction of a central bank digital currency (CBDC), a digital version of notes and coins, directly convertible into cash and deposits. The bank argues this will increase financial inclusion. But introducing the basic bank account has already achieved that — by 2018-19, the number of “unbanked” in the UK had dropped to just 1.2m out of a total population of 67.1m.


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What are the Top DeFi Platforms?



Over the coming days, we’ll be looking at every part of DeFi — the biggest, hottest, most rewarding and riskiest part of the blockchain revolution. At the end of it, you’ll know what DeFi is, how it works, which projects and blockchains are leading the way, and the risks and rewards of investing in it.

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Thanks for your time!