BubbleTone and Horizon to set up affordable roaming in Bermuda

BubbleTone and Horizon Communications will set up affordable mobile connectivity for tourists
26 February 2018   88

BubbleTone, the first blockchain-based ecosystem for telecom operators, and Horizon Communications, provider of high-speed LTE connectivity, announced their partnership. This agreement will at first be aimed at providing cheap mobile connectivity in Caribbean region because of increased tourist activity and demand for stable mobile connection.

Horizon agreed to use blockchain-based telecom platform in their operational area of Caribbean islands, Bermuda, British Virgin Islands and in Central America. It will allow tourists from around the world to connect to the local mobile network at local rates without resorting to ridiculously-priced roaming. Current spotty coverage and unreasonably high roaming fees are a detriment to market development and they leave a significant tourist user base without reliable communication.

All these advancements are made possible by implementing new system by BubbleTone, which allows mobile service providers from around the globe to connect to each other and provide international service without roaming agreements and infrastructure modifications. It helps small and medium-sized mobile operators to evade this spendings while still providing coverage for maximum user base essentially for free, in terms of setting up international roaming.

Horizon plans to launch this technology first in Bermudas within 2018 and then expand to Caribbean and Central America over the next few years.

Cryptocurrency to be Regulated in France

French Ministry of the Economy and Finances creates working group to regulate cryptocurrency
22 March 2018   117

Bruno Le Maire, the French Minister of the Economy, announced the government initiative to constitute the instructions and regulations towards cryptocurrency. The group is also aimed to decrease the influence of Bitcoin and altcoins to the formal system of economy with the help of required concept. These measures would help French government to prevent tax avoidance and some other criminal activities (such as money laundering).

In an op-ed that was published in French media this week the Minister of the Economy Bruno Le Maire made a promise not to miss the blockchain revolution. He refined the reasons of the French authorities`decision to regulate the technology. According to his point of view, it is impossible for any consumer or entrepreneur to carry out a transaction, invest, develop in business being in a regulatory vacuum. The Minister also put this position on the top among the rest questions to be discussed at G20 Summit in Buenos Aires. Bruno Le Maire is sure that the role of France is to be a driving force in “building the world of tomorrow”.

The Minister is going to present his case at the G20 Summit in 2018 in Argentina. He hopes that the framework can help in decreasing illegal activity in cryptocurrencies. Le Maire also explained that the sphere of digital funds is extremely attractive for criminals.

The leader of the working group is Deputy Governor of the Central Bank of France Jean-Pierre Landau. The French Central Bank supports the Government and hopes there would be no negative impact and consequences for the traditional economy system.

The key object of cryptocurrency regulation is to limit various negative factors in the financial sphere caused by digital money, such as the price volatility. Le Maire claims that at the same time the regulation of the cryptocurrency can support the development of the technology and can even lead to the economic growth. As blockchain can destroy not only traditional daily practices in banking and financial markets, but also patents and certified acts, the French Minister of Economy urges that the working group should foresee all these changes and become “actors of this revolution”, instead of simple viewers.