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.
An FAA analysis after the first crash of a Boeing 737 Max predicted there would be more disasters without a fix of critical automated flight-control system. Safety officials estimated there could be 15 more crashes of the Max over the next few decades. Yet the Federal Aviation Administration did not ground the plane until a second deadly crash five months later.
Google's 'Year in Search' report is out, and it shows what we've all been looking for in 2019.
The Recording Academy recently named Grammy award-winning singer-songwriter Jason Mraz as its District Advocate Ambassador. Mraz told Cheddar that it's currently "the wild west in music."
The New York State Department of Financial Services has proposed new guidance for licensed cryptocurrency firms that would make it easier for them to add new coins to their offerings, Superintendent Linda Lacewell announced Wednesday.
These are the headlines you Need 2 Know for Wednesday, December 11, 2019.
The flight marked a new milestone in the international partnership between Harbour Air, a seaplane airline, and magniX, an Australian firm developing electric propulsion systems.
Hawaiian Electric is committing to clean energy by working to achieve 100 percent renewable energy by 2045. In this episode of Slice, Connie Lau, President and CEO of Hawaiian Electric, talks with the New York Stock Exchange VP of Listings and Services Chris Taylor about how the company will achieve this goal.
It's been a quiet start to December for Bitcoin, which has held steady around the $7,500 mark. Bitcoin developer Jimmy Song joined Cheddar to discuss his outlook for bitcoin heading into 2020.
The company confirmed late Friday that it will move 1,500 employees into 350,000 square feet of space in a new building in the Hudson Yards development on the far west side of Manhattan.
Mayor Meghan Sahli-Wells of Culver City, California, spoke with Cheddar about transitioning from the golden age of film production to the new Hollywood renaissance of streaming content.
