This Week in Fintech ending 24 September 2021

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 Epic v. Apple: The metaverse will not be monopolized

Apple makes big bucks from its App Store since it launched it in 2008 with an initial 500 applications. The app ecosystem has grown into more than five million apps and into a huge business, with users spending $380 billion worldwide on in-app purchases. In 2020, Apple made $72.3 billion and Google made $38.6 billion. A recent California court decision may have opened the flood gates for crypto in-app purchases. Now Apple will have to give users the option to buy digital goods on the App Store or exit the app to buy directly from developers. The court’s decision gives developers and users choices to a wider array of payment options and potentially allowing users to make payments within the iOS ecosystem, using their cryptocurrency wallets.

Editor note: Ilias makes the case that this court decision opens the way to paying for in app purchases using crypto which would change everything.


Tuesday Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy wrote: Part 3 Square’s moves in Crypto

Square (SQ) is ranked 7 in the Fintech 50 Index of publicly traded Fintech stocks and describes itself as “tools to empower businesses and individuals to participate in the economy. Sellers use Square to reach buyers online and in-person, manage their business, and access financing. And individuals use Cash App to spend, send, store, and invest money”.

The company has been making big moves in Crypto during both bull and bear markets.

Editor note: Some subjects are too complex for our short attention spans, so we do 4 posts one week apart, each one short enough not to lose your attention but in aggregate doing justice to the complexity of the subject. Stay tuned by subscribing.

Wednesday Alan Scott Managing Director EMEA at 24 Exchange @Alan_SmartMoney wrote his weekly roundup of Stablecoin news.



Rintu Patnaik, an Insurtech expert based in India, wrote: Digital Health Ecosystems Part 3: Emerging Possibilities, Unfettered Potential

This concluding part extends the narrative from insurtech orchestrators (Part-1) and pioneers like Vitality (Part-2) to emerging ecosystem impacts, based on examples of Manulife and John Hancock, its US subsidiary.

Customer-focused health ecosystems are being designed to seamlessly deliver the right care in the right setting at the right time. Globally, they are evolving along with the fundamental forces disrupting healthcare. Key components comprise providers, insight engines that leverage behavioral, social and health data and a connected technology backbone. While health ecosystems are significantly enabled by digital, they integrate digital and physical health services.

Editor note: Data from humans – aka ”Internet of Bodies” – is revolutionising healthcare and health insurance..

Christian Dreyer @x3er, the Swiss based CFA who focusses on how XBRL changes our world wrote his weekly roundup of XBRL news.


Friday Howard Tolman, a well-known banker, technologist and entrepreneur in London is on holiday today so Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy is covering for him with a story Tolman suggested:

American JP Morgan cat lands among the english digital bank pigeons and Big Five high street bank cats.


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