News
Japan Sets A New Internet Speed Record With 319 Terabits Per Second
That’s around 7.6 million times faster than the internet connection you probably have at home.
Don’t you sometimes wish your internet speed was a bit faster when browsing the web, streaming online content, playing multiplayer games, or participating in a video conference? Most people do, including scientists at Japan’s National Institute of Information and Communications Technology (NICT). Recently, NICT set a new internet speed record when a group of its scientists successfully transferred data at 319 Terabits per second (Tbps) over a simulated 3,001-kilometer distance.
To put the record-breaking data transfer speed into perspective, the average fixed broadband download speed worldwide currently sits around 100 Mbps, which is around 3 million (yes, million) times slower. The new record is a significant achievement even as far as internet speed records go because it’s almost double the previous world record (179 Tbps), which was achieved by British and Japanese researchers in August 2020.
Transmitting data at such an unimaginably fast speed required plenty of innovation and cutting-edge technologies. Whereas typical fiber-optic cables have just one core designed for light transmission, the cable used by the team of Japanese researchers who set the new record had four cores. The transmitted data was fired using a 552-channel comb laser at multiple wavelengths and given a boost by rare earth amplifiers.
Since the entire test took place under laboratory conditions, you shouldn’t expect your local internet service provider to follow suit in the near future by implementing similar technologies due to their cost. The most likely real-world applications of the cutting-edge system involve high-speed backbone communication.
Also Read: Super Fast 6G Connectivity Is Closer Than You Think
“It is hoped that such fibers can enable practical high data-rate transmission in the near-term, contributing to the realization of the backbone communications system necessary for the spread of new communication services beyond 5G,” write NICT researchers.
Considering how much we’ve progressed since Caltech set its 186 Gbps internet speed record in 2011, we can’t help but imagine where we’ll be in another decade or two.
News
NEOPAY Wants To Follow Merchants Across Channels And Borders
A controlling 65% stake in noon payments would give NEOPAY access to marketplace sellers, online merchants and the payment flows they generate.
It’s been a long time since checkouts were single defined places. A merchant might take payments at a physical register, on its own website and through an online marketplace, sometimes in more than one country. NEOPAY wants to follow those transactions wherever they happen.
The UAE payments company has entered into an agreement to acquire a 65% controlling stake in noon payments. NEOPAY already runs the acquiring infrastructure that lets merchants accept card payments, along with omnichannel acceptance and a merchant services platform. This new deal would add noon payments’ embedded payments platform, e-commerce gateway and merchant network across the UAE, Saudi Arabia and Egypt. That would considerably expand both NEOPAY’s digital commerce capabilities and its regional reach.
For merchants, the attraction is a single provider for online and in-store payments, plus faster settlements, data and analytics, and value-added financial services.
“Payments should be simple, reliable, and built for the markets they serve,” said Faraz Khalid, CEO of noon. His counterpart at NEOPAY, Vibhor Mundhada, added: “We have built a strong payments business in the UAE, and our ambition is now to take that capability across the region”. The acquisition, Mundhada added, would “expand our footprint into Saudi Arabia and Egypt” while reinforcing NEOPAY’s position at home.
Also Read: In Kuwait, Your Surgeon Might Be Operating From Another Country
NEOPAY is also keen to point out potential payment volume increases. The company says noon payments’ integrations with marketplace sellers and online merchants create high transaction density in some of the region’s fastest-growing digital commerce segments. It also believes control of the business would give it access to those merchant relationships and payment flows, and speed up the rollout of alternative payment methods and installment options.
The combined roadmap targets faster merchant onboarding, better payment performance, tighter fraud controls and embedded financial services. The deal could also strengthen cross-border payments and settlement along key regional commerce corridors.
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