Litecoin, the 5th largest cryptocurrency by market cap, is on a tear, rallying over 50% during the past week. Kenneth Asare, CEO of LitePay, a Litecoin payment processor, was with us to explain why merchants need to be ready for the digital currency revolution.
On February 26th, 41 countries will have access to LitePay merchant payment processing. Retailers will be able to use LitePay's retail, e-commerce, billing, and donation tools to accept Litecoin payments from customers anywhere on earth. Asare said the platform is targeting people with access to smartphones, but not banking.
Asare said Litecoin is the 'internet of money.' He stressed that it's not a way to replace fiat currency or the stock exchange, and it's not something to invest in. Instead, this is the very beginning of a new way of sharing and transferring value, he said.
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A billionaire's private SpaceX flight has filled its two remaining seats with two longtime space fans.
Ebony Beckwith, chief philanthropy officer at Salesforce and CEO of the Salesforce Foundation, spoke to Cheddar about the changing landscape of corporate social responsibility.
Jack Hartung, Chipotle's chief financial officer, talked to Cheddar about the restaurant chain's investment in autonomous vehicle maker, Nuro, and the future of burrito deliveries.
Jay Livingston, Shake Shack's chief marketing officer, said Uber's experience in the delivery space made the exclusive partnership an easy decision.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
AeroFarms ($ARFM), a leading vertical farming company, announced Friday morning that it plans to go public via a merger agreement with a special purpose acquisition vehicle.
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