The 5G rollout shows the weakening of America's tech influence

capx.co
4 min read
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The US may be home to the world's largest tech companies, but that dominance is increasingly under threat. The challenge is coming not just from adversaries like China, but also from allies like the UK and the EU, both of which are moving ahead of the US in key areas like faster payments and 5G […]
Share Delays in 5G have the potential to threaten America's economic and national security

Delays in 5G have the potential to threaten America's economic and national security Brexit means the technology sector is now the great economic hope for the UK

Brexit means the technology sector is now the great economic hope for the UK Without US leadership and technological curiosity, we face China winning the race to 5G

The US may be home to the world's largest tech companies, but that dominance is increasingly under threat. The challenge is coming not just from adversaries like China, but also from allies like the UK and the EU, both of which are moving ahead of the US in key areas like faster payments and 5G wireless rollout.

There is a disconnect between the current strength of tech Titans like Google, Apple and Facebook, who built innovative products or systems, and the everyday digital experience of consumers across the US, which is beginning to lag behind those of consumers in Britain.

While faster payments have been a feature of UK banking for over a decade, and have fuelled an ecosystem of fintech startups such as Monzo and Revolut, the US banking system is still frustratingly analogue. Some payments can still take days to arrive. There is no nationwide instant payment system partly due to inaction from the Federal Reserve.

Financial payments are just one example of the many industries that will be impacted in today's digital world by a delayed rollout of 5G networks. 5G will support countless new applications and services across all sectors of the global economy. Delays in 5G have the potential to threaten America's economic and national security – and its global…
Daniel Dalton
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