Mobile wallet market to break $16.2 trillion by close of 2031

Stephanie Beck
Mobile wallet - Payments via smartphone

The world is moving evermore cashless, and consumers are turning to their phones for payments. As a growing number of countries worldwide trend toward cashlessness, the mobile wallet market worldwide is seeing striking growth. Even before the pandemic, it was already taking off, but contactless trends sent its use skyward. In 2015, the mobile wallet market was valued at $675 billion. By 2018, it had already risen to 1602.4 billion, and the number has only continued to climb. Among the factors that have helped to drive the use of payments…

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Infineon combines near field communication and system-on-chip for keyless lock

L. Green
Near field Communication - Unlocking door with mobile phone

The NFC technology and SoC have been paired in what the company is calling a first ever tech. Semiconductor manufacturing company Infineon has unveiled a new keyless lock device that works on near field communication (NFC) and system-on-chip (SoC) technology. The combination makes it possible to unlock padlocks, doors and other locks with mobile phones. According to the company, the future of building security might involve removing keys from the mix altogether. It has developed a security solution that requires neither keys nor batteries to make it possible to lock…

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Virtual and augmented reality for healthcare to become $9.7B market in 5 years

John Montgallo
Augmented reality - Doctor Using VR headset

The next half decade will be a defining one for AR and VR in this particular niche of the marketplace. The augmented reality (AR) and virtual reality (VR) market is expected to experience substantial growth over the next 5 years within the specific healthcare niche. AR and VR in healthcare are currently estimated to be worth nearly $2.7 billion. A new report titled “Global AR-VR in Healthcare Market, By Component (Hardware, Software), By Device Type, By Application, By End Use, By Region, Competition, Forecast & Opportunities, 2017-2027F” showed that the…

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New Twitter status feature for individual tweets is being tested

Sam Lambert
Twitter Status - New Feature

The social media platform is testing another feature similar to old MySpace and LiveJournal statuses. A new Twitter status is being tested to allow users to tag posts with pre-created labels, not unlike the way old MySpace and LiveJournal platforms used to make available. A number of users have been reporting that they were able to use the new feature with an emoji. TechCrunch and MacRumors both reported that they had been hearing from users that were able to display a Twitter status represented by an accompanying emoji. The social…

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FTC moves to stop Meta from acquiring virtual reality company

Jorge Gonzalez
Virtual reality company - Meta - Stop Sign

The US regulator is also acting to stop Facebook’s parent company from buying a fitness app. The Federal Tarde Commission has filed a complaint in a San Francisco federal court against Meta and its CEO Mark Zuckerberg, seeking a temporary restraining order and preliminary injunction against the acquisition of a fitness app and a virtual reality company. The acquisitions in question are for the Supernatural app and the Within Unlimited VR firm. According to the FTC’s filing, allowing Meta and Zuckerberg to complete the acquisition of the fitness app and…

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