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   344

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.

Bakkt to be Launched in December

It is also reported that Goldman Sachs does not plan to create custodial cryptocurrency solutions based on the Bakkt infrastructure
19 October 2018   95

The expected launch of the Bakkt will take place on December 12 of this year. It is reported by The Block, citing informed sources.

Also, the material states that the investment bank Goldman Sachs does not plan to create custodial cryptocurrency solutions based on the Bakkt infrastructure. At the same time, the bank is considering the possibility of trading futures on a new platform.

In a recent Fortune interview with Bakkt, Kelly Lofler said that the cryptocurrency market is on the verge of a revolution comparable in size to the one that occurred on the energy market in the early 2000s.

Greater institutional participation in the digital asset markets requires secure and regulated custody solutions. We are impressed by BitGo’s product, unique services, and the management team. We view our investment in BitGo as an exciting opportunity to contribute to the evolution of this critical market infrastructure.

Rana Yared

Managing director, Goldman Sachs’ Principal Strategic Investments group

Bakkt is a cryptocurrency unit of the Intercontinental Exchange (ICE), which is the operator of the New York Stock Exchange. Giants such as Microsoft and Starbucks are taking part in creating of the new project, which is positioned as an “ecosystem for digital assets”.

The new platform will offer deliverable bitcoin futures to the market (unlike the settlement contracts for CBOE and CME, these are based on the underlying asset). The platform will support multiple fiat currencies.