Facebook is to launch a cryptocurrency next year – backed by the likes of Mastercard, Visa and PayPal – which will allow people to move money from their smartphones.
Phone companies are scrapping plans to sell Huawei handsets as the impact of a US supply ban spreads, threatening to impede the Chinese technology giant’s global smartphone ambitions.
Vodacom Group has updated its profit outlook on the back of the acquisition of East Africa’s largest mobile phone company that’s helping it push into financial services.
Vodafone Group has acknowledged that it found vulnerabilities going back years – and subsequently resolved – with equipment supplied by Huawei for the carrier’s Italian business.
A group representing top US mobile service providers disagreed with European and Asian counterparts over alleged security threats from Chinese equipment maker Huawei ahead of a conference that will highlight a US-Europe divide on the issue.
Vodafone Group has suspended purchases of equipment from Huawei for the core of its wireless networks. However, it’s not immediately clear how this affects Vodacom, which is controlled by Vodafone.