Building on Bitcoin, part two: Sidechains, Wrapped Bitcoin

The Sidechain approach Sidechains are separate blockchains attached to Bitcoin’s main chain through various mechanisms. Sidechains have a protocol of their own and run on different nodes than the parent chain, but they do not issue a native token. Instead, sidechains work with a “pegged” asset, essentially a stablecoin to the parent chain’s native asset. … Read more

Building on Bitcoin, part one: Base layer and the Lightning Network

In our previous article, we analyzed the layered structure of monetary instruments throughout history and explained why it makes sense also for Bitcoin to develop in this fashion. In this two-part series, we will further analyze Bitcoin from a technical/developer perspective. In the first part, we will take a look at various scaling methods and … Read more

Fintech in the eyes of Marcel Klimo: Personal identity, embedded finance, & privacy

Personal identity: Bringing control and enjoyment to finance No two humans are the same, and FinTechs are beginning to reflect this through revolutionary offerings. One of our clients, Hong Kong-based Mox, gives its customers personalized insights on their spending. Another client from Europe, Doconomy, is literally changing the world by empowering the climate-conscious to understand … Read more

Open banking: Europe’s government-led supercharger for financial services innovation

It’s almost unfathomable to business owners that governments could be drivers of innovation. And yet, open banking is proof that it’s possible: since open banking APIs launched in October 2018, they have supercharged the innovation of financial services across Europe. Open banking APIs mean that banking data is no longer hidden inside proprietary systems. Now, … Read more

New opportunities for the underbanked have arrived!

Full transcript of the episode is available here. Do you remember what transactions were like before internet banking? They were expensive, took multiple days to transfer, and had to be done directly from bank branches. But for some communities in 2021, this is still the norm. Internet banking isn’t available in countries like Nigeria. In addition, … Read more

Bitcoin: a layered evolution of money

Bitcoin is expanding its use cases in hierarchical layers – a development that we can witness in history with other forms of money. We’ve all heard the common criticism of Bitcoin: its transaction throughput is only four transactions per second, making it unable to compete with Visa, PayPal, and other global payment networks capable of … Read more

What if everyone is a FinTech? — The meteoric rise of embedded finance

Embedded finance is about taking products that are traditionally thought of as being banking services — such as checking accounts, loans, insurance and more — and abstracting them into a service package that any company can offer as an additional revenue stream to their customer base. Soon enough, nearly every aspect of traditional banking will become … Read more

Open banking: A ripe opportunity

Full transcript of the episode is available here. “For many years, banks told us how to deal with them. They said, ‘if you’re going to deal with our bank, you’re going to go to our brunch. You’re going to ring our telephone number. You’re going to use our digital channel and you’re gonna use our paperwork.’ … Read more

Embedded finance: a win-win for both customers and banks

Full transcript of the episode is available here. Fintech has a new target in its sights: routine business admin. Many businesses continue to spend significant amounts of time on recurring tasks that, until now, have required interactions with financial institutions. We sat down with Nick Keller, CEO of tomato pay, and Kevin Stefton, co-founder of … Read more

How dragons transform into unicorns

Full transcript of this episode is available here. A seamless challenger bank experience, with the long-standing loyalty and brand awareness of an incumbent? It sounds too good to be true. It normally is.  If dragons could create successful unicorns, the rewards would be immense. Imagine the scalability, efficiency and agility of a challenger if they held … Read more