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The soda of the month
Subscription services have skyrocketed over the past year as more companies and products embrace the model. A deployment in Japan brings the concept to vending machines.
Coca-Cola has launched a $ 25 monthly subscription service that allows consumers to get one drink per day from a network of 340,000 vending machines, reports Kotaku. Called Coke On Pass, it is an addition to the soft drink maker’s Coke On app and an attempt to improve the use of overdue vending machines during the pandemic.
Based on the consumption of one coke per day, the monthly charge of $ 25 is about $ 10 lower than the cost of buying sodas individually at the normal price in Japan.
Singaporean bank OCBC has rolled out its initial group of ATMs that can be accessed when the user scans their face at the machine.
There are only 8 ATMs at launch and only account balance requests are available, although the bank plans to add withdrawals and facial biometric access for its entire fleet of 550 ATMs from June, report Asia Channel News.
Demand for OCBC’s ATMs remains high despite the switch to digital banking, with the bank reporting an average of two million withdrawals per month over the past year. He hopes to keep that momentum going while embracing the movement towards contactless transactions by removing the need for ATM cards.
Digital payment company Bottlepay introduced a feature that allows users to send and receive bitcoin and traditional currencies through Twitter in an effort to compete with established transfer companies.
A user can type “@bottlepay send 1,000 sats (a unit of bitcoin) to @twitteruser,” which sends the bitcoin from the first user’s account to the other person, explains Finextra. Bottlepay uses the Lightning Network and offers real-time transfers in traditional currencies like the US dollar and crypto.
Bottlepay plans to add integrations with Reddit, Discord, Twitch, Telegram, and Mastodon in the coming months. It also plans to add more traditional currencies, such as the euro.
A group of US venture capital firms including Homebrew, Susa Ventures, Haystack and J Ventures made an initial investment of $ 3.3 million in Higo, which created a P2P-like application for commercial payments in Latin America.
Higo hopes to be an alternative to banks in the region and address the relative lack of e-invoicing for supply chains in Latin America compared to the United States, according to TechCrunch. The platform automatically populates, giving businesses a view of incoming and outgoing invoices.
Higo claims to have signed up hundreds of small businesses and is on track to have thousands on its platform by the end of the year.
From the web
WhatsApp hires Amazon Pay’s Mahatme to lead payments in India: sources
REUTERS | Friday, March 19, 2021
WhatsApp has hired a senior Amazon executive to lead its payments business in India, two sources told Reuters, as the messaging service prepares to expand into the booming industry.
Backed by YC, Vendease builds Amazon Prime for restaurants in Africa
TECHCRUNCH | Friday, March 19, 2021
For small and medium-sized restaurants in Nigeria and most countries in Africa, food procurement can be a complex process to manage. The system is such that a business can easily run out of money or save a lot of money. Most restaurants don’t have access to direct relationships with farms to get better deals because they don’t have the staff to hunt them down. In addition, they also do not have the power of aggregation as single entities to directly get good value from farms.
Global streaming subscriptions to exceed 1 billion during pandemic
THE WALL STREET JOURNAL | March 18, 2021
The number of subscriptions to online video streaming services worldwide reached 1.1 billion in 2020, according to data released Thursday by the Motion Picture Association – a new milestone in the midst of the Covid-19 pandemic that has kept people locked away, seeking home entertainment.
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