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.
Panera Bread is on a mission to educate the world about clean, affordable eating ー and in the process, the company is receiving an education itself, CEO Blaine Hurst told Cheddar on Friday. "We are in the relentless pursuit of clean eating, we will not give up until we actually make a true difference," Hurst said. "When people join us in the journey, it actually helps us all because it actually does make the food even more affordable."
These are the headlines you Need 2 Know for Friday, Dec. 14, 2018.
After a year of both digital drama and innovation, Cheddar is looking ahead to the top five gadgets to watch next year. CNET's Bridget Carey and Cheddar's Hope King gazed into Cheddar's Crystal Ball, and picked the top five gadget trends most likely to make an entrance in 2019.
The arrest of Huawei CFO Meng Wanzhou was an "enforcement action, not a trade-related action," according to Commerce Secretary Wilbur Ross. Ross told Cheddar's Megan Pratz that the arrest of Meng in Vancouver was a response to her flouting of sanctions ー and not a retaliatory strike or warning shot against a major Chinese telecom corporation.
As Cheddar reflects on 2018, we are profiling the most innovative, flamboyant, and often-controversial entrepreneurs and corporate leaders who delivered the year's most memorable moments in business. Of the CEO Class of 2018, who was crowned Biggest Flirt? Class Clown? Check Cheddar.com for all the Cheddar Awards and more year-end coverage.
Facebook’s blockchain group, led by David Marcus, has ambitious plans to potentially disrupt the entire payments industry with its own cryptocurrency, but the company is also running into recruiting challenges amid its many public scandals.
Apple says it will build a $1 billion new campus in Austin, Tex. that would almost double the size of its current footprint in the city, with the room to house as many as 15,000 new jobs.
2018 was a year of serious advancement in tech. It brought us more driver-less cars, Bitcoin adoption, and more A.I. But as the year dwindles, we're looking to the future, not the past. As we gaze into Cheddar's Crystal Ball, here are our top five picks for the technology that is most likely to advance even further in 2019.
The e-scooter market is steadily growing more competitive, but Spin's leader isn't fazed ー he's got Ford on his side. "We've got a great capital backer, a company that believes in the long-term vision that we have," Euwyn Poon, co-founder and president of Spin, told Cheddar Wednesday. "And I think we're the company that's going to be here to stay."
Ray J has built an unconventional career to say the least, but the musician and television personality-turned entrepreneur ー and new father ー says he has turned over a new leaf in his personal and professional life, thanks to a leader who once inspired him: Elon Musk.
