Tech Brew Ride Home Wed. 03/23 – Maybe Apple Should Just Start A Bank
Mar 23, 2022
Customers are upset over a security breach at Okta, raising concerns about data safety. Apple makes a bold move by acquiring a UK open banking startup, sparking discussions on tech giants venturing into finance. In the NFT world, Yuga Labs secures hefty funding for its metaverse project. Meanwhile, Mark Zuckerberg’s take on remote work might shed light on his VR meeting obsession. On the fun side, Zoom introduces playful avatars for calls, adding a quirky twist to virtual interactions.
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Okta Hack Confusion
- Okta's potential Lapsus$ hack has left customers confused and frustrated.
- The conflicting information and lack of proactive communication from Okta make it difficult for customers to assess their risk.
Apple's Fintech Ambitions
- Apple's acquisition of Credit Kudos, an open banking startup, has sparked speculation about Apple's plans in the financial sector.
- It could enable international expansion of Apple Card or even a "buy now, pay later" service.
El Salvador Postpones Bitcoin Bond
- El Salvador postponed its Bitcoin-backed bond launch due to unfavorable market conditions.
- The bond launch, originally planned for March, might be delayed until September.