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Welcome, Tech enthusiasts.
Coinbase is making moves to update the financial system — rolling out a new feature enabling instant cross-border money transfers via shareable links.
With support for over 170 countries and simple transactions — the crypto giant is putting serious pressure on legacy banking. Let’s dive in…
In today’s tech rundown:
Coinbase boosts global money transfers
Drones saving lives with rapid AED deliveries
7 new products
Amazon cancels Venmo payment option
Threads rolls out ‘tags’ to connect users by topic
Amazon’s new ‘Digit’ warehouse robot
Read time: 3 minutes
TODAY’S HEADLINES
COINBASE
Image source: Coinbase
The Rundown: Coinbase just launched a new feature allowing users to instantly send money worldwide just by sharing a link, with no crypto or banking details required.
The details:
Users can now send cash via messaging apps, email, social media, etc., by creating a shareable Coinbase link, with recipients able to claim funds with a single click.
It expands access to crypto banking by supporting local payment methods across 170+ countries, crucial for inflation-racked regions.
A simplified mode also focuses Coinbase Wallet on core send/receive functions to appeal to crypto newbies.
Coinbase frames the feature as advancing economic freedom and connecting the unbanked, leaning into crypto's global payment promises.
Our thoughts: Hints of crypto's potential as a universal payment rail keep emerging. If tools continue simplifying, fast frictionless money could become reality — with huge appeal for younger populations tired of outdated banking systems.
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ROBOTICS
Image source: Everdrone
The Rundown: Swedish researchers found that drones equipped with automated external defibrillators (AEDs) arrived over 3 minutes faster than ambulances in most cardiac arrests, successfully saving one patient.
The details:
Over an 11-month urban trial, drones autonomously carried AEDs to patients 67% of the time before paramedics arrived.
Even at 3 minutes, every second sooner is crucial for survival odds.
They covered 194 square kilometers from five bases, directed by dispatchers.
Bystanders then retrieved and used the lowered devices — and out of 18 cardiac arrests, AEDs revived 1 patient.
The researchers suggest integrating drones with first-aid apps for other time-sensitive emergencies, such as drug overdoses.
Why it matters: In critical emergencies, every second counts. And while the sample size is low, increasing drone tech could be a perfect candidate for rapid response to life-saving situations.
NEW PRODUCTS
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SNIPPETS
Amazon removed the ability to directly pay with Venmo just over a year after adding the option in October 2022, providing no reason for nixing the payment method as customers are left with fewer checkout options.
Threads is finally rolling out hashtags globally rebranded as "tags" to help connect people by topics, limited to one per post.
A new Spectre-like flaw, SLAM, affecting Intel, AMD, and Arm CPUs has been discovered, but manufacturers believe it's already been mitigated.
Meta is rolling out default end-to-end encryption (E2EE) for Messenger and Facebook chats and calls, despite opposition from law enforcement agencies.
Android phones can now automatically send medical data like age, blood type, and allergies to first responders during 911 calls.
Amazon introduces Digit, a humanoid robot for warehouse tasks that will eventually cost only $3 per hour to operate.
The iPhone 15 Pro's upcoming iOS 17.2 update will improve telephoto camera focusing and introduce features for Apple's Vision Pro headset.
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THAT’S A WRAP
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