PayPal is deepening its in-store push, or why the future of commerce is unified ??; Does Eat Now, Pay Later illustrate the market top of BNPL? ??

???Hey,?Linas here!?Welcome to a????weekly free edition????of my daily newsletter. Each day I focus on 3 stories that are making a difference in the financial technology space. Coupled with things worth watching & most important money movements, it’s the only newsletter you need for all things when Finance meets Tech.

If you’re not a subscriber, here’s what you missed this week:

1. Twitter can become the Super App PayPal, Klarna, and Revolut always dreamed of ?? ?[this could be a game-changer!]
2. N26 widening losses show what happens when you don't prioritize compliance?? [lots of lessons for other FinTechs]
3. 3 reasons why Visa should acquire Airwallex ??
4. More than just a partnership: Visa and FTX want to bring cryptocurrency into Main Street ??
5. Banks are crypto companies now ?? ?[we haven’t seen such a move before]
6. Logan Paul and the collapse of the NFT market ??
7. FinTech Winter is coming… its time to bundle up ?? ?[+2 bonus reads how to survive this]
8. Railsr’s Series C and why the future of finance is embedded ??
9. Brazilian companies are buying crypto like their future depends on it ??

and more! Don't miss out and join the community here????

Last week (10-14 October) was another crazy hot week in FinTech.?We will look at PayPal which is deepening its in-store push, or why the future of commerce is unified, question whether Eat Now, Pay Later illustrate the market top of BNPL, and other interesting news and developments.

Without further ado, let us dive into what happened in the financial technology sector last week. Let’s connect the dots.

PayPal is deepening its in-store push, or why the future of commerce is unified ??

The launch ???Payments giant?PayPal?rolled out the PayPal Zettle Terminal in the US after an EU launch last year. For context, PayPal already offers Zettle’s card reader solution in the US.

More on this ???Terminal is an all-in-one point-of-sale (POS) solution for small and medium-sized businesses (SMBs):

• It lets SMBs track stock levels and manage sales, reporting, and payments all in one place.
• The device’s mobility––from its handheld design to its ability to accept payments via a cellular connection––sets it up to attract small and micro-businesses, especially those like vendors at a farmers market without permanent storefronts.

?? THE TAKEAWAY

Why is this important? ???With this move, PayPal has entered a highly competitive POS market. In other words, it’s going head to head against the likes of Block’s Square, Fiserv’s Clover as well as Adyen & Stripe. That will make it increasingly harder for PayPal to capture market share but the terminal’s place in the broader PayPal ecosystem sets it apart from competitors. PayPal is working toward a unified commerce experience for both merchants and consumers. And this is the future of commerce. PayPal gets it, and so should you.

Bonus: PayPal's biggest threat is coming from around the Block & it's called Cash Pay ??

Does Eat Now, Pay Later illustrate the market top of BNPL? ??

The news ???Online food delivery company?Deliveroo?has partnered with Sweden-based Buy Now, Pay Later platform?Klarna?to offer customers the possibility to buy groceries and takeout food on credit.

More on this ???The BNPL option on Deliveroo is currently available for UK consumers.

Deliveroo’s payment options via Klarna include paying for the entire order immediately, ‘Pay in 30’, where clients are expected to pay the full amount of their order in 30 days, or the ‘Pay in 3’ choice of paying in three equal installments over 60 days, for minimum orders of GBP 30.

?? THE TAKEAWAY

The top? ???Over 40% of the Brits who use BNPL payments are missing at least one repayment in 2022, according to recent studies conducted by Credit Karma. Having this in mind, it’s hard to imagine anything else from Eat Now, Pay Later than only further deepening the lack of financial education, creating a higher risk of overspending and missing payments. Hence, this seems to be the market top of BNPL. Stronger regulation and protection for customers, especially prior to the holiday season is a must. Otherwise, more indebtedness is inevitable.

Contrarian reread: Every FinTech must have a BNPL strategy. Here’s why ??

Extra Reads & Quick Bites for Curious Minds??

• The oldest bank goes crypto ?? BNY Mellon, the world's largest custodian and America's oldest bank, has rolled out a digital custody platform for safeguarding client holdings in ether and bitcoin alongside traditional financial assets. BNY Mellon formed an enterprise Digital Assets Unit in 2021 to develop solutions for digital asset technology, with plans to launch the industry's first multi-asset platform that bridges digital and traditional asset custody. The bank has been working closely with Fireblocks and Chainalysis to integrate their technology in order to meet the present and future security and compliance needs of clients across the digital asset space.?Yet another illustration that?Banks are becoming crypto companies while crypto companies are becoming banks ??? .
• Another one… ???? ♂??Solana-Based DeFi giant?Mango?was hit by a $100M exploit.?A crypto trader utilized millions of dollars to manipulate the price of Mango’s MNGO tokens on the namesake decentralized exchange (DEX) to?drain over $116M in liquidity from the platform. The MNGO token dropped over 40% in value after the exploit. Mango developers said they reviewed the exploit and?blamed faulty oracles, a third-party tool that fetches off-chain data, for the lapse.?It’s yet another reminder that?Decentralized Finance has a massive security problem??

Money Moves??

• LHV UK?is to buy the SME lending business of Manchester-based?Bank North, which is winding down its operations after failing to fully capitalize the bank.?Bonus: Lessons from another failed neobank ??
• Fractional investing app?Hedgehog?completed its above-expected ￡1.56M crowdfunding raise.
• Blockchain indexer?Nxyz, a spin-out of?private s

Continue reading by subscribing to?Linas's Newsletter.?You will receive fresh news about FinTech with hot takeaways every day.

P.S.?You might enjoy my earlier pieces as well:

?? Bitcoin in 2021: a story in 5 graphs, and what might come in 2022

???A Wise pitch deck that led to London’s biggest and most successful direct listing ever

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About: I am?a business developer, sales professional, and FinTech strategist, as well as Cryptocurrency and Blockchain enthusiast. I'm highly passionate about Financial Technology and Digital Innovation, and strongly believe that it will change the world for the better. Apart from my daily job at a global payments startup where I'm leading the company's expansion into Europe, I'm an active member of the FinTech community and a TechFin evangelist.

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