Top Fintech News Stories for October 22, 2020

Here are the most read news stories from our daily newsletter today:

• Sales soar at Klarna rival Laybuy as buy-now-pay-later sector hots up – AltFi
• Mainstream DeFi is ‘inevitable’: US currency comptroller – Cointelegraph
• Ant Group Moves Ahead With $35B IPO After China’s OK – PYMNTS
• JPMorgan Chase Takes Aim at Square and PayPal With a New Payments Service – Barrons
• Why Central Banks Want to Create Their Own Digital Currencies Like Bitcoin – The Wall Street Journal
• Visa Launches “Visa Tap to Phone” in More Than 15 Markets With Plans to Expand into the U.S. – Crowdfund Insider
• How PayPal’s approach to crypto breaks with precedent – American Banker
• Asset managers in $300bn drive to build private lending funds – Financial Times
• What really happened between Monzo and Starling: Anne Boden set to recount in new book – Sifted
• The end of free bank accounts is bad news for Monzo and its rivals – Wired