Spotify is expanding its Car Thing device to more users in the United States, aiming to improve the in-car audio experience. The device, initially launched in April 2021 as a limited release, is now available to all premium subscribers for $89.99. The Car Thing, which connects to the car’s audio system, allows users to play music, podcasts, and audiobooks from Spotify without needing a phone.
In related news, the UK’s Competition and Markets Authority (CMA) has launched a consultation on open banking. This follows concerns about the potential for anti-competitive behaviour in the sector. The CMA’s review will examine whether the current rules and standards are sufficient to prevent such behaviour. It will also consider if further measures are needed to promote competition and innovation in the industry.
Open banking, which allows consumers to share their banking data securely with third-party providers, has the potential to revolutionise the financial services industry. It can offer consumers more choice, better services, and potentially lower costs. However, it also raises concerns around data privacy and security. The CMA’s consultation is therefore a critical step towards ensuring the benefits of open banking are realised while minimising any potential risks.
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