Welcome to this week’s industry analysis with the FinTech Chemist. Throughout 2019, we saw major cellular carriers like AT&T, Verizon, Sprint, and T-Mobile roll out 5G networks. 5G is now the fifth generation of wireless communication standards. A quick history lesson on how far we’ve come: first, there was 2G, a set of standards governing wireless telephone calls. The mobile web did not yet exist (hard to imagine at this point!) Then 3G hit the market, making it possible to browse the Internet on a smartphone. 4G delivered speeds that enabled video streaming and an entire economy of apps that need continuous, reliable connectivity. So, what does have 5G speed mean for banking?
