This article is about the extremely advanced technology in China and India. It said that started providing 3G even at the very top of Mount Everest. People believe that this is just finishing up a 20 year process to release out all of this technology. That this is just the beginning and we "haven't seen anything yet."
In most Indian neighborhoods they have a small family owned shops that sells drinks, cigarettes, candy and a few groceries. Some people are thinking that they could turn this into a virtual bank. In order to do this, they created a software program so that a worker somewhere else could use his cellphone, and prove his identity, then he could open a bank account. It would be registered on his cellphone texting. The family owned shops would now also be a local banker. This now has 180,000 users. This system is being run out of a tiny garage with a few workers, some laptops, and the Internet. If this is just the beginning what is to come?
Works Cited:
- http://www.nytimes.com/2010/11/03/opinion/03friedman.html?_r=2&src=me&ref=homepage
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