March 19 – 5 Key Stories From The Digital World

By March 19, 2019 Insight

1.  IBM Signs 6 Banks to Issue Stablecoins and Use Stellar’s XLM Cryptocurrency

  • The network promises to let regulated institutions move value across borders – remittances or foreign exchange – more quickly and cheaply than the legacy correspondent banking system.
  • “So we are starting with markets that are outside of the U.S., but it won’t be long before we add U.S. as an operating endpoint…”
  • arrangement opens up the possibility of banks using lumens, the native token of the Stellar blockchain, which can be used as a “bridge currency” when it is hard to trade one type of fiat for another.

2. SpaceX may begin testing its Starship spacecraft this week

  • employees have been assembling a test version of the upper stage for its next-generation launch system.
  • attempting to design a spacecraft that can land on Earth through its thick atmosphere, and then take off again soon after
  • given that SpaceX now has a maturing Raptor rocket engine to power both stages and is nearing some semblance of flight tests, clearly the programs are moving forward

3. Successful launch propels OneWeb to $1.25B in new funding

  • Following the successful launch and deployment of the first six satellites in a planned constellation of hundreds, OneWeb has raised $1.25 billion in funding to kickstart mass production.
  • To blanket the world in internet…send up about 650 satellites at first, with a few hundred more later to expand and reinforce coverage.
  • OneWeb already has its first customer: Talia, a telecom serving Africa and the Middle East.

4. SAS to invest $1 billion in AI for industry uses, education, R&D

  • AI investment is part of SAS’ efforts to make data, AI, machine learning and algorithms more return driven and consumable.
  • efforts will revolve around embedding AI into its platform and creating tools for data management, customer analytics, fraud and security and risk management.
  • will also aim to meld AI and the Internet of things data for industries ranging from financial services to manufacturing to healthcare.

5. Back to Tanzania: FinTech entrepreneur brings digital banking to East Africa

  • In Africa, there are more than 420 million active mobile money accounts, with few people using bank accounts.
  • …in Tanzania, 47% of our GDP is transacted with mobile money. The opportunity to streamline and simplify the payments process is massive.
  • Tanzania is importing more smartphones than any other East African country, about 100,000 phones a month.