What To Do When Inflation Rises

Author: Rosalia Mazza

FinTech Weekly collects the most relevant fintech news every week, to cut noise off and offer you an overview of the most interesting and innovative fintech solutions and events.?

What’s happening to the inflation rate

As Forbes reports, we are witnessing the biggest rise in inflation since 1982.

This is not only the effect of the pandemic, but also the result of a? war that is negatively affecting the price of energy resources.?

As often happens, people are looking for solutions to protect their money.?

As always happens, only those who are aware of the most innovative solutions offered by the current financial system succeed.

What people are doing

Blockchain technology comes to help: even if current events are shaking the market, the use of cryptocurrencies – especially those that guarantee the highest degree of privacy – is rising.?

Elon Musk has already announced that he won’t sell his cryptos, and in the meanwhile, major companies are entering a market that was succeeding even before the war: the NFT market.?

Non-Fungible Tokens become fundamental not only as assets, but also to facilitate users identification and a wider range of products – American Express announced that it’s working on a digital marketplace in the metaverse.?

FinTech Weekly covered this and much more in its latest number – also including the amazing holographic display that allows people to scan products and pay, realized by Toshiba.

Final thoughts

These times make evident the benefits of financial technology, but differently from the past, it looks more an obligation than a choice: some are using fintech like usual, to have more control over their financial assets; some need fintech because there are no alternatives.?