Senator John Ensign (R-NV) proposed a bill that would eliminate the requirement that video service providers obtain a cable franchise agreement in order to provide video service. The legislation seeks to promote inter-modal competition between telcos and cable operators by making it easier for telcos to launch video services. The proposed Broadband Consumer Choice Act of 2005 would also set federal consumer protection standards, and would assure consumer access to Internet-based phone service. "We must not allow government regulations to be an anchor on the advance of technology if we want America to lead the world in the information age," said Ensign at a Capitol Hill press conference. The full text of the proposed legislation is online (72 pages).
Alternative Payment Methods (APMs) – comprising digital wallets, instant payments, and QR payment systems – are experiencing explosive growth that's reshaping the global financial services marketplace. According to the latest worldwide market study by ABI Research , the combined global transaction value for APMs is projected to reach $142 trillion by 2030. What's particularly fascinating is the underlying driver behind this trend: a growing desire for financial sovereignty, with nations developing domestic payment ecosystems rather than remaining dependent on international financial networks. Payment Ecosystem Market Development In 2024, approximately 45 percent of the global population used digital wallets – a remarkable adoption rate for a technology that barely existed a decade ago. China leads this transition, with 95 percent of its population using WeChat's payment functionality. WeChat exemplifies the "super app" phenomenon, where payment capabilities are in...