Blockchain’s Future in Finance and the Rise of BNPL for Holiday Shopping

Explore how blockchain technology is set to transform financial services with J.P. Morgan's Project EPIC, emphasizing the importance of privacy and digital identities. Discover the growing trend of Buy Now, Pay Later (BNPL) options as 67% of parents plan to use them for holiday expenses, reshaping consumer behavior and retail strategies. Plus, delve into the financial challenges faced by Saint Augustine's University due to a high-interest loan, and learn about the embezzlement case at a Florida parish, highlighting the need for robust financial oversight.

Sources:
https://www.pymnts.com/blockchain/2024/j-p-morgan-private-digital-identities-key-to-scaling-financial-blockchains/
https://www.retaildive.com/news/buy-now-pay-later-bnpl-holiday-spending-behavior/732366/
https://abc11.com/post/saint-augustines-university-high-rate-7-million-loan-puts-hbcu-jeopardy-finance-experts-say/15528550/
https://www.pillarcatholic.com/p/parish-finance-manager-faces-federal

Outline:
(00:00:00) Introduction
(00:00:47) J.P. Morgan: Private, Digital Identities Key to Scaling Financial Blockchains
(00:04:17) 67% of parents will use BNPL to finance the holidays
(00:07:57) Saint Augustine's University's high-rate $7 million loan puts HBCU in jeopardy, finance experts say
(00:11:41) Parish finance manager faces federal time