PhonePe mobile payments company gets $200 million investment from Walmart

Mobile payments - Walmart logo on cell phone

The Indian company raised the funds as a component of an ongoing round. PhonePe, a mobile payments giant from India, has announced that an investment from Walmart has brought it another $200 million in funding as a part of an ongoing round that has already helped it bring in $650 million. The funding has arrived regardless of the economic downturn. PhonePe has been bringing in funds too help build itself up in the face of its upcoming separation from Flipkart, its parent company. Walmart already owns the majority of the…

Read More

Criminals in Brazil are benefiting from Elon Musk’s Starlink internet service

Starlink internet - Word Criminal on paper

The technology was meant to provide connectivity in the Amazon rainforest, but criminals are using it. Brazilian federal agents are increasingly finding Starlink internet units on the sites they raid in the Amazon rainforest. The agents are shot at, and the criminals often escape, but the technology is being left behind. Starlink internet services are a division of Elon Musk’s SpaceX. The company has nearly 4,000 satellites in low orbit, providing with people in remote areas of the world – such as the Amazon rainforest – with online connectivity. The…

Read More

Facial recognition technology to be implemented for Paris 2024 Olympics

Facial recognition - Paris with olympic rings in background

France Television has been running a number of tests with the tech on Paris streets. Though it can’t really be seen as we go about our everyday lives, facial recognition technology has been making its way into a broad spectrum of our typical activities, from unlocking smartphones to interacting with certain businesses and when traveling. Even when we feel we’re just another face in the crowd, we are far from going unnoticed. Facial recognition technology advances have made it increasingly challenging for people to be able to move around anonymously,…

Read More

SpaceX curbed Starlink internet service for drones in Ukraine

Internet service - Drone in the air

The company president said it has taken steps to stop the Ukrainian military from using the service. SpaceX has actively prevented the Ukrainian military from using the company’s Starlink satellite internet service in order to control its drones since Russia’s invasion, said Gwynne Shotwell, the president and chief operating officer at SpaceX. The president pointed out that connection is being used by the Ukrainian military on the whole. The satellite connectivity has been providing the military with broadband communications to help in the defense against the Russian military. That said,…

Read More

Mastercard will soon permit crypto payments in Web3 using USDC settlements

Crypto payments - Mastercard credit card

The move is made via a partnership with Immersve using its decentralized protocols for real-time transactions. Mastercard’s new partnership with Immersve, a Web3 crypto payment protocol, will soon make it possible for users to use cryptocurrency to complete purchase transactions in-person, online and in the metaverse. Consumers will be able to use the Mastercard network for shopping with cryptocurrency. Once the crypto payments have been successfully sent from the user’s end, a US dollar-backed stablecoin called USD Coin, which is issued by Circle, is converted into fiat so that it…

Read More