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This way, you can choose to use the Portal as a dedicated work device if you wish. The Portal was the first smart display to really put video chat at the forefront. One particularly standout feature is its AI-powered face-tracking camera which can pan and zoom as it follows you around the room. As far as privacy goes, the Portal allows you to disable the camera and microphone, and you can also choose to enable a digit screen lock passcode.
But as video conferencing grew in popularity during the pandemic, so did demand for the Portal. Sign up. Lee Sponsored Links. US and Blockchain. Transak has signed up a range of customers to handle compliance and payment work. The momentum in crypto compliance shows how the infrastructure supporting many of the largest applications has splintered behind the scenes, offloading complex, critical financial tasks to various parties for handling.
One driver of the business is the pace at which crypto regulations are changing across the globe, making an industry that promises to stay on top of compliance needs even more attractive to customers and investors.
While the outsourcing of compliance work and other technical infrastructure occurs in the rest of fintech, the crypto version is newer, since bridges between traditional and crypto finance are not well established. For the crypto industry, this bridgework is critical. But the industry is still nascent and who will ultimately win remains to be seen.
Transak works with about applications including unhosted wallets MetaMask and Ledger, games such as Decentraland and finance apps such as Cake DeFi. It handles the entire onboarding process for developers' new customers: KYC, AML and converting fiat to crypto so consumers can start transacting. To convert into crypto, Transak connects with more than 10 sources of crypto liquidity to find the best prices and also holds some crypto on its balance sheet to offer liquidity, said Sami Start, CEO of Transak.
Because Transak, which works in over countries, handles the fiat-to-crypto conversion, it also handles compliance, fraud and chargeback risks for those transactions, as well as customer service for disputes or other problems consumers face.
Transak automates fiat payments for users buying crypto, connecting to debit and credit cards, bank transfer and Apple Pay and Google Pay. It also connects with blockchains on the other side of the transaction such as Ethereum, Polygon and Avalanche. Since it provides payment services, Transak also competes with some other payment providers. But Transak is not seeking to become a payment acquirer like Adyen or Stripe in traditional payments, Start said. This is a seemingly small but significant difference in the strategies of companies taking on crypto payments.
It determines who has the direct relationship with the customer, who is responsible for customer service and complaints and who is handling more or less of the transaction. Stripe has focused on extending offerings popular with conventional fintech app-makers, like identity checks and payouts, to crypto developers. Plaid, another company catering to fintech, has also courted crypto business for payments and identity verification.
The MiCA bill is an example of the types of regulatory issues that crypto companies need to navigate, which Transak and others are hoping to build their businesses on. The provisional MiCA agreement and a related update to fund-transfer rules would extend existing regulations to digital assets and require crypto firms to collect information and personal data on transactions regardless of size.
The crypto industry has come out against it, but it appears to be moving toward final passage. The U. And the crypto industry has been developing its own compliance standards for requirements like the Travel Rule. Other jurisdictions like India, the U. Ben Brody BenBrodyDC is a senior reporter at Protocol focusing on how Congress, courts and agencies affect the online world we live in. He formerly covered tech policy and lobbying including antitrust, Section and privacy at Bloomberg News, where he previously reported on the influence industry, government ethics and the presidential election.
He still loves appearing on the New York news radio he grew up with. The so-called Uber files show the company also went big on an expensive program to boost sympathetic researchers and carefully cultivate business allies with political pull. They also reveal a company exporting a standard playbook for sophisticated U. The company was at the time known for its ethical compromises and culture of harassment , and Kalanick was ousted as CEO in The result was that the company had valuable allies and contacts — if not always guarantees of success.
The report also detailed hopes inside Uber that Plouffe and his team could reach out to the U. Messina was ostensibly meeting the heads of state in his capacity as an international political consultant. Uber has continued to distance itself from Kalanick and condemned several of his decisions — though not necessarily his hiring choices — in response to the leaks. Sometimes firms are relying only on the name recognition and expertise in policymaking of new employees.
Companies and lobbying firms routinely celebrate the former government positions of their new employees. Amazon, for instance, hired former White House press secretary Jay Carney in , while former Environmental Protection Agency administrator Lisa Jackson joined Apple soon after leaving the government in The D.
Some of those who went west, like Carney and Jackson, were boldfaced names; others were major players behind the scenes. Chris Lehane, an alumnus of the Clinton White House, likewise joined Airbnb, in , and stayed until earlier this year.
Nor was aggressive recruiting of former government officials unique to the U. Facebook also hired Nick Clegg, the U. Still, many tech companies, including Uber, have benefitted from more comfortable operating environments at home in the U. For Uber, that included government raids in both Paris and Amsterdam at which point the company tried to minimize what the authorities could seize from the rest of the company by cutting off computers from internal servers.
The EU has also been faster to regulate privacy and competition than the U. Yet efforts to crack down on the practice have largely stuck to a far narrower conception of influence than many companies seek to pursue with their hires. Many tech companies, including Uber, have benefitted from more comfortable operating environments at home in the U. Obama, for instance, put in place a then-unprecedented ethics pledge that stopped administration officials from lobbying the executive branch until he left office.
Those researchers at times even promised in advance that their results would provide good PR. Uber also tried to extend its influence through its business arrangements.
Both relationships were meant to — and to a certain extent did — provide Uber with introductions to policymakers and help smooth regulatory battles, according to The Washington Post. The ties, however, raised questions in a country that even by was already facing sanctions and returning to authoritarianism and regional aggression , according to the Post.
SoftBank, for instance, has often used its lobbyists to help boost tech startups in which it has taken a stake. After Kalanick was forced out, those investments for a time included Uber.
In France, the company was in direct contact with Emmanuel Macron, who was then economy minister and who seemed happy to negotiate Uber-friendly policies. But in Russia, Uber appeared to have overestimated the sway of the oligarchs it partnered with, and the local lobbyist appears to have done little. To give you the best possible experience, this site uses cookies. If you continue browsing.
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Portals may soon get sold to enterprise customers in bulk. Facebook's Portal smart display will soon be able to run Zoom group calls. Sorry, something went wrong. Please try again. Email me an authentication link. Don't have an account? Click here to register. Pitch's president, Nicholas Mills, told Protocol about the company leadership's strategy. July 13, Wednesday, July 6. Keep Reading Show less. July 11, Jennifer Goforth Gregory has worked in the B2B technology industry for over 20 years.
Jennifer also wrote a bestselling book The Freelance Content Marketing Writer to help other writers launch a high earning freelance business. Former government officials go into the private sector all the time to leverage their networks.
July 12, See more. Most Popular. Macron, Biden and other powerful figures named in the Uber Files so far. Can wearable tech make warehouse work safer? More Insider Sign Out. Sign In Register. Sign Out Sign In Register. Latest Insider. Check out the latest Insider stories here.
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