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Are Iran’s athletes political pawns? | Digital Series

Game Theory

While in Australia, members of Iran’s women’s football team found themselves at the centre of an international political storm. As several players choose to return home, difficult questions are being raised about athlete safety, agency and Western intervention. Samantha Johnson looks at how Iran’s women footballers became caught in the middle of something they had nothing to do with, and asks whether they were being used as political pawns.

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As ‘The Pitt’ suffers a digital meltdown, a human saves the day

This article contains spoilers for Season 2, Episode 9 of “The Pitt.”

Midway through Season 2, “The Pitt” has taken on the perils of the digital age and given me a reason to love the show as much as everyone else does.

Don’t get me wrong — I understand perfectly why so many people, including recent Emmy and Golden Globe voters, have lost their minds over the HBO Max medical drama: The propulsive day-in-the-life of a Pittsburgh ER conceit, the dazzling ensemble cast, the writers’ heroic attempts to showcase our perilously broken healthcare system, the healing power of empathy and, of course, the Noah Wyle-ness of it all. His brilliant and gentle-voiced Dr. Michael “Robby” Robinavitch is as aspirational a character on television as we’ve ever seen.

But having recently spent almost six hours passing out and vomiting from pain in the waiting room of my local ER (which was empty except for one other man), while being told there was nothing anyone could do until the next shift arrived, I confess I have watched “The Pitt” with a jaundiced eye. The regular crowd shots of the waiting room too often reduce the afflicted into a zombie-like horde bent on making life more difficult for our beloved medical staff.

Sure it’s tough to work in an ER when you are worried about your mother’s expectations, grieving your dead mentor, struggling with addiction or worrying about your sister, but no doubt many of those in the waiting room are experiencing similar issues while also in terrifying and hideous pain.

I’m just saying.

In this second season, however, “The Pitt” gave me reason to cheer. It chronicles the day before Robby is set to leave on a three-month sabbatical, and in the early hours, we meet his temporary replacement, Dr. Baran Al-Hashimi (Sepideh Moafi). Having already attempted to force those suffering in waiting rooms to create their own “patient portals,” Dr. Al-Hashimi goes on to advocate for an AI-supported system to aid the doctors with pesky paper work.

Robby, of course, does not think any of this is a good idea and since he is always right (and no television writer is going to openly promote AI), her plan backfires almost immediately. First, with a medical notes transcription that gets Very Important words wrong and then after a complete digital blackout.

After a nearby hospital is hacked and ransomed, the higher-ups decide to defend its system by shutting it down, which means business must be conducted in the old-fashioned, paper-and-clipboards way.

The result is chaos, and a few too many jokes about young people not knowing how to work a fax machine or manage paper. Some of the more seasoned staff, including and especially the indefatigable charge nurse Dana Evans (Katherine LaNasa), remember the days before everyone carried an iPad well enough to keep things moving. Even so, Dana wisely calls upon the services of “retired” clerk Monica Peters (Rusty Schwimmer).

Three women stand near a counter with computer screens.

When the computer system at the Pitt is shut down, Dana (Katherine LaNasa), center, calls in Monica (Rusty Schwimmer), far right, who arrives to help.

(Warrick Page / HBO Max)

“Laid off by the digital revolution, not retired,” Monica corrects her. “And how’s all this digital s— working out for you now?”

This is where I cheered. I love the digital world as much as the next person currently typing on a computer to file a story that I have discussed with my editors on Slack and that I will not see in hard copy until it appears in the physical paper. But like pretty much everyone, I have suffered all manner of digital breakdowns and mix-ups, not to mention the inevitably increased workload that comes with the perception that I can do the work of previous multitudes with a few additional strokes of a keypad.

Except, of course, that’s a lie — a keypad is capable of nothing on its own. Neither are fingers, for that matter. They must be manipulated by someone whose brain has to figure out and execute whatever needs to be done. This requires an ability to navigate the ever-changing tech systems that store and distribute information (often in ways that are not at all intuitive) while also understanding the essentials of the actual work being done.

In “The Pitt,” that is the emergency medical treatment of human beings, which requires all manner of physical tasks. As this storyline makes clear, many of the medical staff do not quite understand how to order or handle these tasks without a screen to guide them.

Hence the need for Monica, representative of a large number of support workers who do understand because it was once their job to keep everything moving, to answer all manner of questions, prioritize what needs to be fast-tracked and make sure nothing falls through the cracks while also engaging with all and sundry on a human level.

The shutdown is obviously an attempt to underline the limits of AI but it also serves as a fine and necessary reminder of how readily we have surrendered people like Monica, with their knowledge and experience, to keyboards and touch pads (which, of course, don’t require salaries, benefits or lunch breaks).

But — and this is important — computers are tools not workers. Alas, that has not kept companies in virtually every industry from drastically cutting back on trained and experienced employees and handing large portions of their work (mental if not physical) to people, in this case doctors and nurses, who already have demanding jobs of their own.

But hey, you get a company iPad!

A woman in blue scrubs stands in front of a white board looking at a woman in a mauve jacket holding a clipboard.

Nurse Dana (Katherine LaNasa), left, and Dr. Baran Al-Hashimi (Sepideh Moafi) have to resort to paper, clipboards and white boards to keep track of patients after the hospital’s systems are shut down.

(Warrick Page / HBO Max)

Often, including with those patient portals, what was once paid labor lands in the lap of the consumers, who in “The Pitt” are people sitting in an emergency room and likely not at the top of their game when it comes to filling out forms about their medical history or coming up with a unique password.

ER dramas, like the “The Pitt,” are inevitably fueled by the tension between the demands for speed and the need for humane care, something that is increasingly true, if not as intrinsically necessary, in all facets of our culture.

With computers in our pockets, we now expect everything to be available instantly. But when something in our online experience goes wrong, we need an actual human to help us fix it. Unfortunately, as the overwhelmed staff of the Pitt discover, those people are increasingly difficult to find because they have been laid off — even nurse Dana can’t do everything!

Dr. Al-Hashimi, like many, believes that patient portals and AI-assisted medical notes will save time, allowing the doctors and nurses to spend more of that precious commodity with their patients. But, as Dr. Robby and Dana repeatedly argue, what they really need is more staff.

There’s no point in saving a few minutes at the admittance window, or on an app, if you are then going to have to spend hours waiting for or trying to find someone who can actually help you when you need it.

That is certainly true in the medical sector, where digital technology has done little to eradicate long wait times for medical appointments or in emergency rooms. Being treated in a hospital hallway by people who can barely stop to talk to you is not an uncommon occurrence for many Americans. The U.S. is facing a critical shortage in hospital staff, with the ranks of registered nurses and other medical personnel having plummeted post-pandemic, often due to burn out.

The amount of time the staff of “The Pitt” spend with each patient, while dramatically satisfying, is almost as aspirational as the wisdom and goodness of Dr. Robby.

None of these problems is going to be solved by AI or any other “time-saving” device. We have not, as far as I know, figured out a way to extend an hour beyond 60 minutes or modified the human body so that it does not require seven to nine hours of sleep each night.

Medical institutions aside, I can’t think of any place I have visited lately that wouldn’t have benefited from more paid and experienced workers, especially those who know how to do things when computers glitch or fail.

The minute Monica sits down and starts barking orders in the ER, everyone feels much better. Here is someone who understands what needs to be done, why, and how to make it happen. Moreover, she has eyes, ears, hands and human experience enough to know that, in the end, people are less interested in saving time than getting the care they need.

In the ER and everywhere else.

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Nigeria’s Disharmonised Digital System Leaving Low-Income Farmers Behind

Bala Abubakar rises before dawn, fetching water and checking his irrigation canals. He grew up in Gurin, a community in Adamawa State, northeastern Nigeria, where rice cultivation has fed generations. To operate a thriving rice farm, Bala says he needs good seedlings, fertilisers, and perhaps a loan to tide him over. 

In 2024, members of the Rice Farmers Association of Nigeria (RIFAN) in the state got subsidy inputs through the Nigeria Incentive-based Risk Sharing System for Agricultural Lending (NIRSAL), a programme designed to de-risk agricultural lending for low-income farmers. Bala went to the nearest cybercafé to register, hoping to benefit from the initiative.

The registration required him to enter his National Identity Number (NIN) before he could access the loan. At the café, he entered his name and the NIN, but the system failed to verify him. The café attendant told him that his record was not found and advised him to try his bank’s verification number (BVN). He tried, but the system still failed him. Disappointed after visiting the cybercafé, Bala trudged back home. 

Like Bala, other farmers faced a similar problem. One farmer, Sani Bukar, tried to access the Growth Enhancement Support under the Government Enterprise and Empowerment Programme (GEEP),  an initiative designed to improve smallholder farmers’ access to agricultural inputs through an electronic, voucher-based system. He only received a “verification failed” message, despite having a phone number linked to his NIN.

“They have our pictures and fingerprints now,” Bala says, referring to the recent biometric enrollment drive. “But those pictures are in Abuja. Here in my village, what do I have?” 

His story reflects a deeper tension in Nigeria’s emerging Digital Public Infrastructure (DPI) ecosystem. Although Nigeria has made progress in several areas of DPI, alignment across them is uneven. The NIN, for instance, is managed by the National Identity Management Commission (NIMC), while the Central Bank of Nigeria (CBN) manages the BVN system to expand financial inclusion. In addition, SIM registration—conducted by mobile network operators—links phone numbers to individuals’ identities.

Yellow building with closed shutters labeled "SIM Registration Center" and "MTN" logos.
An MTN SIM registration centre in rural Adamawa. Photo: Obidah Habila Albert/HumAngle

On paper, these systems should make agricultural targeting seamless, but in practice, they often operate in silos. 

Bala’s dilemma is built on concrete technical barriers. To access most federal or sub-national agricultural interventions today, a farmer must have a valid NIN,  a phone number linked to that NIN, a bank account linked to a BVN, and a registration in a state or federal farmer database.  If any link in that chain fails, the entire process most often collapses. 

A 2025 overview of Nigeria’s connectivity landscape notes that only about 38 per cent of Nigerians were online in 2024, with rural communities significantly lagging behind.

“Without stable internet, many agricultural tools are rendered ineffective,” said Tajudeen Yahaya, an agricultural extension expert. “Even simple SMS or app-based registration frequently fails in rural communities.”

Beyond connectivity, issues with identity and data persist. The NIN registry has enrolled over 120 million people, but reports indicate that many more Nigerians have yet to enrol, particularly those in rural areas. Bala’s village falls within that gap. 

The problem spans across multiple government programmes. Different states in Nigeria maintain their own farmer databases that conflict with federal government records. For instance, Agricultural Development Programme (ADP) offices may possess one list, while federal systems could have a different one. 

“We tell farmers to get on the portal, but many are not in our state ADP database,” says Victor Anthony, who spoke on behalf of the Chairperson of the ADP programme in Adamawa State. “And even if they are, the federal system says we’re not synced.” 

In 2025, the Federal Ministry of Agriculture officially launched a National Digital Farmers Registry. The minister, Abubakar Kyari, announced that it would be anchored and accessed through the NIN. According to Abubakar, the registry would eliminate ghost beneficiaries and ensure targeted delivery of inputs, extension services, credit, and insurance. The goal is a single unified platform that links NINs to farmlands, so that when a farmer applies, the system already “knows” him and his fields. 

However, a recent statement from the agriculture ministry noted duplications and inconsistencies in farmers’ records, making it difficult to support them.

Interventions

Many government parastatals and private institutions are working to improve digitalisation for farmers and rural communities. NIMC has expanded the number of enrolment centres under the World Bank–supported programme, aiming to register up to 150 million Nigerians. Mobile NIN vans now travel to rural markets and religious gatherings, reducing distance barriers.

In October 2025, the World Bank approved a $500 million Building Resilient Digital Infrastructure for Growth (BRIDGE) project to lay fibre optics across Nigeria. Over the next five years, 90,000 km of fibre will be added, expanding the national backbone from 35,000 km to 125,000 km. When completed, this network will connect every local government, thousands of schools and clinics, and even remote agricultural research stations. 

In local communities, farming cooperatives and technology companies are also contributing. The Extension Africa network has provided training to many local extension agents in digital tools, enabling them to act as “digital ambassadors” in rural areas. Some platforms are testing offline kiosks that permit farmers to download guidance and transaction records whenever they visit town.

The federal government’s renewed Agric Infrastructure Fund and various projects with agencies aim to equip these hubs with basic internet as part of a broader Digital Village” initiative.  However, these fixes are works in progress. 

An African challenge?

Nigeria’s struggles are shared across the Global South, and other countries’ experiences offer cautionary lessons. In India, billions of dollars in farmer subsidies are paid directly to bank accounts via Aadhaar ID. The country is now rolling out Agri Stack, a digital initiative that gives each farmer a unique digital ID linked to land records. 

When the government mandated e-KYC for OTPs in 2023, nearly 5 per cent of beneficiaries were flagged as “ineligible” when verification failed. Many older farmers lacked a working linked phone, had worn fingerprints, or ran into a buggy face-scan app. 

With 70 per cent of the population in rural areas, agriculture accounts for 33 per cent of GDP in Kenya, but the country has struggled with piecemeal data. A recent study notes that millions of Kenyan smallholders remain “invisible to formal agricultural programmes”. In 2023, Kenya launched a national digital registry for farmers, but poor connectivity and low smartphone ownership are barriers, as in Nigeria. 

On the positive side, Kenya has explored linking its digital ID (Huduma card) to farm cooperatives and training agents in the field. Rwanda goes even further by running the Smart Nkunganire e-voucher system, in which registered farmers receive digital coupons for seeds and fertilisers based on precise plots. These programmes suggest that pairing farmer IDs with geotagged land data can dramatically improve targeting, but only if the data are entered correctly, experts said.

Ethiopia has introduced a National ID requirement for various services. The newly established National Agricultural Finance Implementation Roadmap (NAFIR) incorporates a Fayda ID, which is a 12-digit unique identification number provided by the National ID Programme (NIDP) to residents who meet the necessary criteria set by NIDP. This system is designed for farmers associated with a land registry containing 18 million plots. The World Bank highlights that digital identity could unlock rural finance at scale in Ethiopia, but warns that without addressing its infrastructure gaps, digital solutions risk remaining pilots.

What needs to change

Experts argue that Nigeria must double down on making its digital agriculture ecosystem inclusive and resilient. Frank Akabueze, a Nigerian-based digital identity expert, noted that IDs should be flexible to ensure seamless registration. He said the NIN may be central, but alternative pathways should exist. For instance, cooperative leaders should be allowed to register farmers offline (paper intake by trusted agents) and synchronise later, rather than requiring each individual’s smartphone.” 

“Voter card numbers should be made acceptable as interim IDs,” Frank said, noting the importance of equipping extension workers with portable biometric devices so they can register farmers on the spot, as some countries do. In India, the option of offline Aadhaar verification was eventually introduced to help offline farmers. 

The digital expert noted that all of Nigeria’s data siloes – NIMC, BVN, SIM records and databases should be harmonised. He stressed that legal frameworks like the new digital ID policy can mandate data sharing between agencies (with privacy safeguards). 

“Spelling mismatches and duplicates should be proactively cleaned: one approach is to use biometric deduplication, as India did at scale for Aadhaar,” he added. 

He also said the proposed National Digital Farmers Registry should connect to the NIN and verify existing records, such as the national farmers’ census, to minimise errors, such as listing the same farmer in multiple states or with different ages.


This report is produced under the DPI Africa Journalism Fellowship Programme of the Media Foundation for West Africa and Co-Develop.

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Some people ‘legally can’t travel’ without new digital permission – are you impacted?

Every relevant person travelling must obtain an ETA, including babies and children

Travellers frequently face changing regulations when crossing international borders. Now, Heathrow Airport has issued a reminder about some essential new requirements now in effect.

Under the changes, an Electronic Travel Authorisation (ETA) has become a legal necessity for certain people from this month. This £16 charge permits travellers to enter the UK for tourism, family visits and other purposes for up to six months.

On X, formerly Twitter, the major airport announced this week: “Starting tomorrow, 25 February, whether your final destination is the UK or are connecting via Heathrow, eligible visitors will need an ETA (Electronic Travel Authorisation).

“Find out more on http://GOV.UK.” It then also stressed: “From 25 February, you can’t legally travel without an Electronic Travel Authorisation. Exemptions apply.”

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Whilst most UK visitors will require an ETA or visa to enter the UK, this depends on your nationality and purpose of travel. For example, an ETA is usually necessary if you’re arriving from Europe, the USA, Australia, Canada and selected other countries.

Every person travelling must obtain an ETA, including babies and children. Therefore, for a family of four, you’ll probably need to pay £64 altogether, whilst a family of six will generally pay £96. Visitors may apply for an ETA on behalf of others.

Anyone holding a British or Irish passport, or who has permission to work, live, or study in the UK, won’t need an ETA. According to official Government advice, other exemptions include:

It’s important to remember that having an ETA does not guarantee entry to the UK. Those with a criminal record or who have previously been denied entry should consider applying for a Standard Visitor visa instead.

Beyond this, the UK Government highlights exactly what can and can’t be done with an ETA. For instance, the ETA allows:

Meanwhile, these five things are not permitted with an ETA:

  • Staying in the UK for longer than six months
  • Doing paid or unpaid work for a UK company or as a self-employed person, unless you’re doing a permitted paid engagement or event or work on the Creative Worker visa concession
  • Claiming public funds (benefits)
  • Living in the UK through frequent or successive visits
  • Marrying or registering a civil partnership, or giving notice of marriage or civil partnership – a Marriage Visitor visa is needed

Travellers can apply for the £16 ETA online or via the UK ETA app. To complete this, they’ll need a passport, an email address, and a payment option, including Apple Pay and Google Pay.

The fee is non-refundable after an application has been submitted. For further details,head to GOV.UK here.

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Can Europe break free of Visa and Mastercard? MEPs stall digital euro

The digital euro is facing fresh delays in the European Parliament after the file’s lead rapporteur, Spanish lawmaker Fernando Navarrete Rojas of the European People’s Party (EPP), formed a minority bloc with far-right groups — leaving shadow rapporteurs unable to secure a workable majority around the draft.


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The latest compromise text seen by Euronews would also narrow the project’s scope in a way that goes to the heart of the Commission’s plan.

Brussels proposed a digital form of cash that could be used both online and offline. Navarrete, by contrast, is pushing for an offline-only model.

As rapporteur, Navarrete is responsible for steering the legislative text and building agreement across political groups through negotiations with shadow rapporteurs — a process designed to produce a majority-backed position in Parliament.

The Parliament has already signalled broad support for a digital euro.

On 10 February, lawmakers adopted the European Central Bank’s annual report and backed two pro–digital euro amendments, with opposition mainly coming from some centrist and far-right MEPs.

The EPP itself is split on the file. The German delegation is strongly in favour, amid pressure from Berlin. In mid-February, Vice-Chancellor Lars Klingbeil told journalists that those opposing the digital euro were harming Europe.

Two sources familiar with the talks told Euronews that amendments tabled by Navarrete in the latest compromise text are a non-starter for groups backing the Commission’s plan, pushing the file into a legislative deadlock.

Euronews contacted lead rapporteur Navarrete for comment but had not received a response at the time of publication.

The impasse surfaced again at a meeting on Thursday, when lawmakers attempted to bridge differences after a heated discussion, claiming “the text is going nowhere”.

Another meeting is scheduled for 10 March, but sources expect a vote currently pencilled in for May to slip.

EU countries have already agreed their position in the Council. Without a Parliament mandate, the legislation cannot move to the next stage.

What is digital euro?

The digital euro has taken on new political weight as economic tensions between the EU and the US sharpen the debate over Europe’s reliance on American payment giants.

Visa and Mastercard, both US-based, underpin much of day-to-day card spending in Europe. ECB data for 2025 shows the two networks account for 61% of card payments in the EU and nearly all cross-border card payments.

The project would create an electronic form of cash issued by the European Central Bank, designed to sit alongside banknotes and the payments services offered by commercial banks.

Supporters argue it would give citizens direct access to digital “public” money — something that, for now, largely exists only in the form of cash.

Under the Commission’s proposal, users would have a digital wallet for both online and offline payments, with transactions designed so they are not trackable.

Critics say the latest compromise text in Parliament risks stripping out key parts of that vision.

“This first taste of a compromise from Mr. Navarrete sadly shines little light on any actual shift in his direction for the digital euro,” Laura Casonato, head of policy at Positive Money Europe, told Euronews.

Casonato said the draft does contain some welcome elements, including language recognising that the digital euro “should be a sovereign and secure digital means of payment that safeguard public access to central bank money” alongside clearer provisions on privacy and data security.

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Japan’s Digital Infrastructure and the Growing Demand for Unlimited Mobile Data Among International Visitors

Japan is one of those spots on the map of the planet Earth where infrastructure and digital innovation are closely connected.

The country considers technology as an instrument of national competitiveness. For the last few years, this approach has extended, bringing revolution to Japan digital infrastructure, and exceeding expectations not only of citizens but also of international travellers.

5G Expansion and Digital Urban Infrastructure

5G Japan tourism connectivity has accelerated, reflecting broader structural changes in the Japan telecom market. The nationwide 5G coverage of the major carriers has rapidly expanded.

Not so long time ago 5G in Japan was closely connected with industrial policy goals, special highlights among which are automation, smart manufacturing, and AI deployment. As for the sphere of tourism, the impact is no less significant.

Concerning major urban centers such as Tokyo, Osaka, and Fukuoka, high-speed connectivity for them became a significant part of the smart traffic systems, services for real-time navigation tracking and a platform for digital payment. As a result, foreign visitors get into an environment where stable data access is guaranteed.

Japan’s digital infrastructure is reliable, fast, and efficient. These qualities maintain the broad economic model of the country. However, this situation brings high expectations from visitors who are upset with limited data packages because they create a big contrast to the high-tech urban ecosystem.

Digital tourism Japan can be smooth and easy with AI-driven translation services, booking services, and transportation networks.

As a result, in your Japan data usage, you can easily carry out your daily tasks such as streaming, making video conferences, and having cloud-based document access. Even if you’re a short-term visitor, you will need a lot of data and a stable connection for simultaneous operation of your devices.

Such providers as Mobal have become part of the broader ecosystem within this environment. It guarantees international mobility for the maximum comfort of users. Japan supports the strategy of revitalizing inbound tourism, which is linked to regional economic development, especially when talking about areas outside Tokyo. High-speed connectivity is vitally needed.

Remote Work, International Mobility and Data Demands

The latest trend towards Japan is not only the attraction of tourists, but also the creation of comfortable conditions for those who choose remote work Asia opportunities. A lot of people nowadays are choosing hybrid or fully remote jobs, so they can do their daily work and travel at the same time. As a result, these people need good connections not only for their travel needs, but also for joining conferences, working with large files and secure company systems. Public Wi-Fi is not enough, and the need for fast, reliable, and high-speed internet only increases.

In this context, as demand grows, many international visitors search for Japan eSIM unlimited data solutions that match their usage patterns. One example is available at Mobal Japan eSIM unlimited data, which provides an unlimited eSIM designed specifically for short-term stays, typically ranging from 3 to about 31 days, with unrestricted data usage suited to tourists and business travelers.

eSIM technology supports Japan’s tendency for digital transformation. eSIMs are the easiest way for travelers to stay connected, which can be arranged beforehand.

Policy, Regulation and Mobile Accessibility for Foreign Visitors

Japan’s telecom system is a perfect balance of competition and strict oversight. The market is tightly controlled by the rules around SIM registration, protection of consumers, and network licensing. As a result, foreign visitors may face a problem while getting a local SIM card.

At the same time, it’s clear that easy mobile access is needed for the positive experience of Japan for both business and travel spheres. Mobal provides a stable connection within the regulated system. All the services are perfectly adapted to correspond to legal requirements and the needs of travellers. The focus is not on promotion but on smooth service and security compliance.

Japan expands 5G networks, developing smart city technologies. As a result, regulations are constantly changing, covering such aspects as cybersecurity and digital identity. Such updates are needed for easily foreign visitors access and reliable mobile networks.

The Future of Digital Access in Japan

To sum up all of the said above, the focus of Japan’s digital strategy is on the deep use of AI technology and faster network standards. Any city needs data and smart systems. Mobile internet became a need because it provides people with an opportunity to access transport, arrange shopping, and carry out their daily tasks.

Most of the international visitors Japan data usage visitors have expectations, quite similar to the expectations of local residents. Fast data is a must. The demand for Japan eSIM unlimited data plans is constantly growing, and it’s not about trends, but about the fact that travel and digital infrastructure have become closely connected. Companies which provide data for travelers work between regulation, technology, and global travel. Their role can’t be underestimated because connectivity is needed for the support of tourism, business, and the workforce. For Japan as a country, known for technological leadership in smart cities Japan, the accessibility of reliable digital systems for all categories of visitors is highly important to support its reputation.

Talking about the latest trends, the line between physical and digital infrastructure will slowly disappear due to the expansion of 5G networks. The main challenge at the current stage of development is to make sure that networks match changing travel patterns. As a result, seamless mobile access for short-term visitors is not a temporary trend, but the best reflection of long-term changes in the digital economy of Japan.

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How Europe’s Stablecoins Could Redefine Digital Money

What began as a largely fintech-led experiment is steadily gaining traction among incumbent banks. Across Europe, established financial institutions are now assessing stablecoins alongside other payment innovations, driven by the need to modernise transaction flows while upholding regulatory discipline, operational resilience and customer confidence.

For many banks, the discussion is no longer about whether stablecoins belong in the financial system, but about how they can be deployed responsibly and at scale. Persistent frictions in cross-border payments, settlement lag and the growing expectation of always-on digital services are exposing the limitations of existing infrastructures, particularly in corporate and wholesale banking. At the same time, Europe faces a strategic question: how to ensure that the future architecture of digital money is not shaped solely by non-European actors or dominated by dollar-based instruments.

Ultimately, the adoption of stablecoins will be determined by practical demand. Different users will gravitate towards different applications, depending on their operational needs and the ecosystems in which they operate. Platforms that integrate stablecoins natively as a payment option are likely to drive early use, especially in cross-border or digital-native environments.

Given their global reach, stablecoins issued by European banks are unlikely to be confined to domestic users. This international dimension implies a diversity of use cases, not only for corporates but also across banks themselves, reflecting differences in business models, geographic exposure and sectoral focus.

Enterprise-first applications

Against this backdrop, a group of major European banks, including CaixaBank, has joined forces to develop a euro-denominated stablecoin backed by regulated financial institutions. Organised through a consortium model and supported by a dedicated entity, Qivalis, the initiative signals a shift towards cooperation as a catalyst for innovation in payments. The initiative is fully compliant with the EU’s Markets in Crypto-Assets Regulation (MiCA), which is set to be completely implemented by mid-2026, marking a significant step forward in regulated digital finance.

In contrast to retail-oriented projects such as the prospective digital euro, bank-backed stablecoins are being designed primarily with enterprise use cases in mind. Features such as near-instant settlement, programmability and cross-border operability create opportunities in areas ranging from treasury management and supply chain finance to the tokenization of financial instruments. For multinational corporates, the value proposition is clear: more efficient, predictable and continuously available payment solutions.

A defining characteristic of these initiatives is their anchoring within a robust regulatory framework. MiCA establishes a common set of rules that addresses concerns around governance, financial stability and user protection. Operating as regulated electronic money institutions, bank-backed stablecoins aim to merge the advantages of distributed ledger technology with the safeguards traditionally associated with the banking sector.

This emphasis on trust alongside innovation is increasingly shaping European banks’ approach to digital assets. As CaixaBank CEO Gonzalo Gortázar has observed, payments are undergoing rapid transformation, with outcomes that remain uncertain. Any new initiatives come with their own set of risks and adoption barriers, but for banks, opting out is not a viable strategy. As with the earlier expansion of instant payments, active engagement is essential to retain strategic flexibility and to help ensure that new instruments strengthen, rather than weaken, the financial system.

A pragmatic approach to blockchain

Beyond efficiency gains, the strategic case also encompasses monetary and technological considerations. A euro-denominated stablecoin issued by a consortium of European banks could contribute to reinforcing Europe’s autonomy in digital finance. In a landscape largely shaped by US dollar-linked stablecoins, a credible euro-based alternative would support global digital transactions while embedding European standards on compliance, data protection and governance.

Qivalis, based in Amsterdam and supported by banks such as CaixaBank, ING, BNP Paribas and UniCredit, illustrates this pragmatic vision. With an experienced management team and governance designed to meet supervisory expectations, the project is targeting a market launch in the second half of 2026. Its focus on concrete economic applications, rather than speculative use, reflects a measured and utility-driven approach to blockchain adoption.

More broadly, the rise of bank-backed stablecoins marks an inflection point for payments in Europe. It suggests a sector that is moving beyond defensive reactions to technological change and instead actively shaping its trajectory. By combining scale, regulatory certainty and collaborative execution, European banks are positioning themselves at the centre of the next phase of digital payments, aligning innovation with stability and efficiency with trust.

As regulation and technology continue to converge, stablecoins are shifting from experimental concepts to practical tools within Europe’s payments ecosystem. Ongoing collaboration between banks, corporates and policymakers will be key to integrating them responsibly and harnessing their potential in support of a more efficient, resilient and competitive European financial system.

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