Fasanara Fintech Weekly

Fintech Helping Retailers, Blockchain Industry To Surpass $67bn, Digital Assets In Metaverse & More




Happy Friday!



In this edition:


  • 3 ways fintech companies can help retailers launch financial services.

  • Blockchain industry to surpass $67 billion by 2027.

  • Digital assets in the metaverse could transform fintech.

  • How Web3 is democratizing revenue for the HTML5 game space.

  • Crypto firm Alameda Research cuts out banks to use DeFi for new funds.




 


3 ways fintech companies can help retailers launch financial services.




Two of the country’s biggest retailers, Walmart and Walgreens, recently announced they are launching their own financial services. This makes sense. The pandemic has resulted in a shift in consumer behavior that now favors contactless and digital banking options, and with one in four U.S. adults considered unbanked or underbanked, this presents an opportunity to offer services to a deep and loyal customer base.

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Blockchain industry to surpass $67 billion by 2027: fintech report names 2021's most influential blockchain companies.



Financial technology has exploded during the last two years and cryptocurrency and blockchain firms have bolstered the billion-dollar industry. A recently published study by Utility Bidder indicates that the industry is predicted to surpass $382 billion by 2027. Moreover, fintech firms that are blockchain-specific are projected to be worth over $67.4 billion by 2027. The recent study also highlights that Kraken is the most influential blockchain company of 2021.


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Digital assets in the metaverse could transform fintech.



The metaverse has become prominent in popular discourse ever since Facebook announced it was changing its name to Meta Platforms Inc, but the concept has been a long-term project of the wider tech community.

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How Web3 is democratizing revenue for the HTML5 game space.



In the HTML5 game space, there’s no solid pathway to distribution, especially compared to mobile games. You have to work tirelessly to push your game to virality, says Chase Freo, CEO at OP Games. Many HTML5 developers say they just do it for fun.


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Crypto firm Alameda Research cuts out banks to use DeFi for new funds.



Syndicated debt deal is scheduled to reach $1bn over a year.

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