Fintech Focus For January 4, 2022

One Big Thing In Fintech: Visa (NYSE: V) and Mastercard (NYSE: MA) will lose out to Web3-based payment projects in 2022, Chamath Palihapitiya said.

Source: Yahoo

Other Key Fintech Developments:

• Arcade added $15M in Series A.
• BNP, STT eyeing BBVA custody. (OTC: BNPQY) (NYSE: STT)
• Samsung adds NFT trade to TV. 
• eToro downgraded value of IPO.
• Boston Fed seeks crypto genius.
• Greenlight reveals 2021 growth.
• Paysend, Tencent to collaborate. (OTC: TCEHY) 
• Dave announces Nasdaq debut.
• BNPL Addi ups value to $700M.
• Jupiter raising for its wealth app.
• Ribbit Capital has added $1.15B.
• Future FinTech eyes blockchain.

Watch Out For This: A string of new studies has confirmed the silver lining of the omicron variant: Even as case numbers soar to records, the numbers of severe cases and hospitalizations have not. The data, some scientists say, signal a new, less worrying chapter of the pandemic.

Source: Bloomberg

Interesting Reads:

• Top 10 bank, fintech executives.
• 15 metaverse startups to watch.
• Top 7 fintech stories of last year.
• A discussion: Who owns Web3?

Market Moving Headline: “[M]ore and more people using derivatives will make way for the rapid moves in shorter time frames.”

Source: Kris Sidial