Verizon 5G Network Launch Foreshadows Mobile Commerce Changes

“Verizon launched the world’s first commercial 5G Ultra Wideband network in October 2018 with the rollout of 5G Home broadband internet service in Houston, Los Angeles, Sacramento and Indianapolis,” the company said.

The upcoming launches in the Midwest – in one city that is considered the capital of the region, and in another that is a growing destination for young, digitally-minded professionals, including those priced out of the Chicago housing market – represent more significant progress for the new mobile network technology.

The annual gathering, which ended March 1, featured 5G as one of its main themes, perhaps best expressed by Jonathan Davidson, wireless executive at Cisco Systems.

Mickey (Hiroshi) Mikitani, CEO of Japan-based Rakuten , told conference attendees that “we are building the first end-to-end, fully virtualized, cloud-based 5G network.

That’s the big picture, of course – the grand ideals that payments and commerce players are working toward via the new 5G mobile network technology.

The Verizon announcement about the upcoming April launch of the 5G network in the two most important cities in the Midwest (no offense to St. Louis, Indianapolis or even Des Moines, all fine places to visit and live) is further evidence that a new era of mobile commerce and payments is on the horizon.

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