FNB, Absa and Nedbank bet on money for machines

FNB, Absa and Nedbank bet on money for machines

Buried in the partner list of a new consortium building a dollar currency for the machine economy – backed by Visa, Mastercard, Stripe and BlackRock – are three familiar names: FNB, Absa and Nedbank. South Africa’s banks have quietly joined the most ambitious attempt yet to solve a problem the internet has ignored for 30…

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The web belongs to the machines now 

The web belongs to the machines now 

Bot traffic has overtaken human traffic online – and South African operators warn that automated traffic, from relentless scrapers to targeted attacks, is straining what local infrastructure can absorb, while a subtler threat from AI hollows out the local content economy.  Automated bot traffic recently surpassed human traffic on the internet for the first time in history…

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