Fintech Insider Podcast by 11:FS

973. News: Walmart and Amazon explore stablecoins, and has Chime's IPO set a new benchmark for fintechs?

9 snips
Jun 23, 2025
Guest
Evan Simmonds
Guest
Miguel Armaza
Guest
Alex Johnson
In this discussion, Alex Johnson, founder of Fintech Takes, Miguel Armaza of Gilgamesh Ventures, and Evan Simmonds from Up dive deep into the latest fintech trends. They explore Chime's remarkable 37% stock surge post-IPO and Walmart and Amazon's intriguing interest in stablecoins amidst changing regulations. The conversation delves into Up's innovative in-app group money feature, designed to help users manage shared expenses effectively, and the introduction of Pix Automático in Brazil, a game-changer for recurring payments.
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INSIGHT

Chime’s Bold Consumer Fintech Path

  • Chime's IPO success signals renewed confidence in U.S. consumer fintech despite a valuation drop from its 2021 peak.
  • Chime focuses on becoming a payments company, growing transaction volume without becoming a traditional bank.
ADVICE

Drive Stablecoin Adoption Tactically

  • Do not expose customers to stablecoin complexity; instead, create branded digital currencies like "Walmart bucks" for easy adoption.
  • Use rewards and app-based incentives to encourage customer use and establish a loyal closed-loop ecosystem.
INSIGHT

Solving Shared Money Awkwardness

  • Up’s in-app group money feature tackles the awkwardness of shared expenses by integrating chat and automated tracking.
  • Solving financial problems tied to relationships makes the product stickier than basic bank transfers.
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