Decentralized Identity: the missing link for Digital Finance? 🤔; CME becomes top Bitcoin Futures Market as institutions eye crypto 🏦; Banks race to harness AI, but caution reigns 🤖
FinTech is Eating the World, 13 October
Hey Everyone,
Happy Monday! I hope you managed to relax over the weekend because we’re starting a new week with a bang 💣 Today we’re looking at decentralized identity (why it matters and could it be the missing link for digital finance?), CME that just became the top Bitcoin Futures Market (what this means + some more reads), and banks racing to harness AI (reality check on what’s happening + some bonus reads). Let’s jump straight into the fascinating stuff 🌶
Decentralized Identity: the missing link for Digital Finance? 🤔
Big picture view 🔎 As digital transactions continue growing, decentralized identity is emerging as a critical solution for enabling secure payments without reliance on big tech platforms.
According to Mike Brock of Block's TBD SQ 0.00%↑, decentralized identity allows for an identity layer for the internet that avoids intermediaries controlling customer relationships.
ICYMI: Block cuts costs while diversifying revenue streams 📈 [what’s next & why you can remain bullish]
Let’s take a brief look at this and see why decentralized identity matters for the future of FinTech, crypto, and Finance per se.