For them, the difficulty hasn’t been opening local USD accounts; it’s been cost-effectively facilitating payments from international employers and online platforms.
“Using local products meant many remote workers had large chunks of their earnings eaten away with excessive fees.
The USD products couldn’t be local,” said Oudjidane, who is also the founding partner of emerging markets fintech fund Byld Ventures.
“The product would need to move to offering U.S.-based USD accounts,” accounts that, critically, would facilitate ACH payments to enable those freelance payments and came with the security that you get with U.S. banking, such as FDIC assurance.
“Freelancers and remote workers in these markets will undoubtedly be a critical source of foreign income to help rebuild,” Oudjidane said.
X, formerly Twitter, is rolling out support for passkeys, a new and more secure login method compared with traditional passwords, to all iOS users globally.
In an update to the X @Safety account on Monday, the company shared that passkeys are now available as a login option for global iOS users.
Update: Passkeys is now available as a login option for everyone globally on iOS!
Try it out.https://t.co/v1LyN0l8wF — Safety (@Safety) April 8, 2024Passkey technology was initiated by Google, Apple, Microsoft, and the FIDO Alliance, alongside the World Wide Web Consortium.
Donald Trump Jr.’s X account was also hacked to post a fake message saying that Donald Trump had passed away.
Apple updated its App Store rules Friday to allow emulators for retro console games globally with an option for downloading titles.
Apple’s update will probably encourage some of those developers to bring their emulators to the App Store.
With Apple having to tweak App Store rules because of regulations, these kinds of games would provide another revenue stream for the company.
Plus, it updated App Store rules at that time to support in-app purchases for mini-games and AI chatbots.
“Apps may offer certain software that is not embedded in the binary, specifically HTML5 mini apps and mini-games, streaming games, chatbots, and plug-ins.
Microsoft will introduce a new version of Microsoft 365 and Office 365 subscription service that excludes Teams, unbundling a suite following scrutiny from the European Union regulator and complaints from rival Slack.
The move follows Microsoft agreeing to sell Office 365 suite sans Microsoft Teams offering in the EU and Switzerland last year.
The company introduced Teams as a complimentary offering to the Office 365 suite in 2017.
Microsoft has enjoyed an unfair advantage by coupling the two offerings, many businesses have argued.
In a statement to Reuters, Microsoft said the unbundling “also addresses feedback from the European Commission by providing multinational companies more flexibility when they want to standardize their purchasing across geographies.”Reuters reported that Microsoft will introduce the new Office 365 lineups on Monday.
TechCrunch has learned that the search giant has started to restrict queries made Gemini when they relate to elections, in any market globally where elections are taking place.
The search giant confirmed to TechCrunch that it started rolling out the restrictions on Gemini to limit surfacing answers about election-related queries globally.
TechCrunch found the AI tool did show answers when passing on queries with typos.
The AI tool, responding to a query about whether Indian Prime Minister Narendra Modi was a fascist, responded that Modi had been accused of implementing policies that some had characterized as fascist.
It is unclear whether Google will unblock Gemini for answering election-related queries after the elections end later this year.
With Bitcoin and Ethereum prices continuing to skyrocket, Chain Reaction is here to keep you updated on all the latest news and happenings in the world of crypto. In this…
