Kendrick Sands, Euromonitor’s head of Consumer Finance Research, expects that downward trend to continue.
The automated tellers are disappearing in tandem with banks closing local branches. The banking strategy pivot comes as digital banking and payment alternatives become more widespread.
Get the full story HERE.
NFTs may have been floating around since 2015, but they only gained massive popularity in 2021. Some NFTs sold for millions of dollars!
Although an emerging technology, NFTs in business have become a hot topic.
This article explains how to use NFTs for your business and what to know before delving into these digital assets.
Want to know more? Click HERE.
As software and hardware engineers around the world are untangling the centralization of the internet, a vocal portion within the enclave of blockchain-based solutions - generally referred to as decentralized finance - or DeFi for short - has emerged. While blockchains provide the building blocks for reliable information and - to a lesser extend value - transport functions - a layer of middleware to the larger concept of cryptographic primitives mapped by protocols, current developments are largely focused on digitally native assets, and their derivatives.
You can read the full article HERE.
Step inside the Metaverse as the UK's former deputy PM takes on avatar form to talk to the FT's Henry Mance about the future of technology, immersive digital worlds, the challenges of regulation, and his own role within the company.
From behind the wheel of new electric cars from Ford, Volkswagen, Nissan and Nio, FT reporters look at how the established carmakers are trying to take on Tesla.
The market for non-fungible tokens, or NFTs, is soaring, reaching $10.7bn in the third quarter of 2021. For the art world it's a new frontier, where ownership of digital assets is encrypted on the blockchain. The FT talks to artists, auction houses and collectors about how NFTs are bringing in new buyers and setting records for sales of digital works, and we follow a painter making his first NFT.
The world is advancing at unprecedented rates and by 2050, we can expect to see life on earth change drastically. If this is true, then what can we expect from the future? Lets time travel into world in 2050.
Nanotechnology
Scientists have already made great leaps in the world of nanotechnology and they remain unrelenting in making more of such progress. Nanotechnology has the potential to change everything, from the way we behave to how we interact with each other.
Transportation
By 2050, Transportation would have changed immensely. We’re already seeing self-driving cars in their early phases of trial and error, so in three decades, it's safe to say we should have the technology for true self-driving vehicles.
Space Exploration
One promise that many people are still waiting on is one of space-exploration. Companies like SpaceX and Blue Origin are making strides towards their respective goals of spatial exploration and colonization out of this world.
Artificial Intelligence
AI is already much more advanced than it was ten years ago, and it will only continue to witness rapid and exponential developments. Experts like John Maeda believe that AI will have surpassed the processing power of all living brains on Earth in the near future. To properly function in that kind of society, it will be necessary to work together with these new systems to make sure that the preservation of important human values is carried forward.
Education
Education is another industry that will see a drastic change in the next thirty years. According to experts, at least 90 percent of the student population will be pursuing online degrees by 2050. Unless the world devolves into an apocalypse, education will continue to be more globalized, and more solutions will come that allow more people to receive good education efficiently.
Everyone is blabbing about the metaverse. But what does this future digital world look like? WSJ’s Joanna Stern checked into a hotel and strapped on a virtual-reality headset for the day. She went to work meetings, hung out with new avatar friends and attended virtual shows.
Sopnendu Mohanty, chief fintech officer of the Monetary Authority of Singapore, shares the central bank's ambitions to become a global fintech and crypto hub. This year's Singapore FinTech Festival that is taking place this week will focus on "Web 3.0." Mohanty speaks with Haidi Stroud-Watts and Shery Ahn on "Bloomberg Daybreak: Asia."
A tech industry battle is taking shape over the “metaverse.” WSJ tech reporter Meghan Bobrowsky explains the concept and why tech companies like Facebook, Roblox and Epic Games are investing billions to develop this digital space.
Watch Tom's talk on TED HERE.
The upgrade to Tesla's Full Self-Driving, or FSD, software will be released to drivers who pass a safety evaluation Tesla is expanding access to the company’s city-driving tool to some customers. In this video, WSJ explains what’s in the new software and the controversy surrounding its limited release.
Apple said it would cost $999 to fix a MacBook Pro. An independent repair store did it for $325. WSJ’s Joanna Stern went on a journey to repair two water-damaged laptops and show how new legislation could provide more options for fixing our broken gadgets.
The covid-19 pandemic has reinforced humanity’s dependence on modern tech, but the same tools that enable remote working are also being used to spread disinformation and perpetuate cybercrime. Ambivalence towards technology is nothing new.
Facebook has launched Live Audio Rooms, the social media giant’s competitor to audio-based Clubhouse. Facebook said, in a press release, that public figures and select Facebook Groups in the U.S. can start to use the feature on iOS, Apple’s operating system, while select podcasts will also be available in the U.S.
In this episode of Truth in Data, PaymentsJournal highlights key steps on the road to digital modernization in corporate banking.
‘The two main drivers of competition in digital money are geopolitical and technological – and they are intertwined. China is fast becoming the largest economy in the world and is already almost cashless as commerce is done on mobile platforms like Alipay and WeChat pay. China aims to further boost economic growth, whilst increasing state control, as it imminently plans to scale the use of digital yuan. As digital yuan transactions can be monitored and controlled by Chinese government, it could well allow more freedom in its use outside the country. How much boost the digital yuan will give remains to be seen but enough to add urgency on ECB and FED to progress on their competing digital currency projects.’
Read the full article on Finextra HERE.
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