Meta, Verizon, team up to study the metaverse

Today, in the Connected Economy, Meta and Verizon announce plans to study the Metaverse – where they could discover CVS, creating its virtual pharmacy.

Meanwhile, security company ADT wants to expand its home protection services to automotive and mobile applications, and last-mile delivery service Tortoise is launching a fleet of mobile vending machines in seven cities.

Verizon, meta-partner to explore 5G-enabled metaverse opportunities

Saying that the Metaverse will be the next evolution of the Internet over the next 10 years, Verizon is partnering with Meta to explore both the use cases for the Metaverse and the infrastructure that will enable them.

“Over the next decade, the Metaverse will create virtual spaces that are more immersive and realistic than ever before, giving people new ways to connect between work, home and play,” said Rima Qureshi, executive vice president and Chief Strategy Officer at Verizon. Verizon Investor Day 2022 event.

To understand what is needed to deliver these connections, the partnership will study the capabilities of Verizon’s 5G Ultra Wideband network and mobile edge computer (MEC) and Meta technologies.

CVS aims to be the first pharmacy in the metaverse

CVS has filed a trademark with the US Patent Trade Office to sell virtual goods and NTFs – and provide healthcare services – in the virtual world.

The filing says CVS wants to trademark its logo and launch an online store, while also selling downloadable virtual products including “prescription drugs, health, wellness, beauty and personal care products.”

Additionally, CVS says it wants to bring the health services it offers in its stores to the virtual setting, such as “non-emergency medical treatment services, wellness programs, nutrition counseling services, lifestyle and nutrition services…and advice. ”

ADT Expands Connected Security to Mobile and Automotive Apps

Security company ADT is working to expand its subscription-based services beyond the home and into automotive and cellphone-based security initiatives.

During its Investor Day this week, company executives outlined a number of ways the company has reshaped and strengthened its portfolio. Among the most recent initiatives are automotive and mobile.

“As we develop our longer-term vision, we look beyond the home, and it’s important for us to talk about extending the protection and security of people – wherever they are” , said Leah Page, vice president, emerging business. and mobile at ADT.

Olo, Radar Team on Digital Restaurant Order Fulfillment

Restaurant-focused on-demand commerce platform Olo has launched an integration with geofencing company Radar to enable travel-tracking capabilities that will boost digital order fulfillment and the offsite experience for food brands. restaurants and their customers.

“With digital control more important than ever, we are constantly looking for opportunities to further improve the [off-premises] experience – to make it faster, more efficient and more convenient,” said Noah Glass, Founder and CEO of Olo.

“Consumer demand for advance ordering and curbside pickup is here to stay, and brands that maximize production while optimizing the consumer experience will gain a significant competitive advantage,” he said. he declares.

Last-mile delivery company Tortoise turns to mobile vending machines

Tortoise, a company that offers robotic solutions for last-mile delivery for grocery and general retail, is shifting to providing automated mobile stores that work much like traveling vending machines with the launch of its Mobile Smart Stores.

“We kept seeing this funny thing happen in all of our deployments that when a robot was parked in a store or in a corner waiting across the road, people would approach them. and started talking to the robot and expected to be able to interact with it,” said Tortoise CEO Dmitry Shevelenko. “When we interviewed them afterwards, what these people all said was, ‘Oh, we thought we could buy something from the robot’, and as is often the case, your customers are much savvier than you are. “

The launch comes with 18 food and convenience retail customers already on board, including virtual kitchen companies Reef and Nextbite and UK super-fast grocer Jiffy. These smart stores will launch in a wide range of regions over the coming months, including New York, Los Angeles, Chicago, Denver, Dallas, San Diego, and London.



On: Forty-two percent of US consumers are more likely to open accounts with financial institutions that facilitate automatic sharing of their bank details upon sign-up. The PYMNTS study Account opening and loan management in the digital environmentsurveyed 2,300 consumers to explore how FIs can leverage open banking to engage customers and create a better account opening experience.

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