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.
Snap Inc.— the maker of Snapchat — is planning to release a new version of its Spectacles glasses with two cameras and a higher price point of $350 by the end of the year, Cheddar has learned.
Since its founding in 1951, the Film Censor Board in India has kept Bollywood light and non-threatening. Enter Amazon, which is partnering with Excel Entertainment to produce "Mirzapur," a new, darker variety of Indian entertainment. Series creator Karan Anshuman talked to Cheddar about how Amazon helped them circumvent restrictions put on Indian television.
Affirm, the start-up that provides consumer loans at the point of sale, is ready to be more visible, according to its CEO and founder. "We’ve spent such a long time playing in the shadows and ... building this incredibly loyal following, but only by people who have encountered us,” Max Levchin, also one of the PayPal cofounders, told Cheddar. "Now we’re trying to get out there and say, ‘hey, here we are, you should be aware of us.’"
Nissan Motors Chairman Carlos Ghosn was arrested following a whistleblower report that he had under-reported his compensation and used company assets for his personal benefit, according to [reports]
These are the top stories, from Wall Street to Silicon Valley, that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Queens, N.Y. and Arlington, Va., will ultimately share the spoils of the hard-fought battle for Amazon's new headquarters. The two will split the planned HQ2s ー and the 50,000 jobs that come along with them. In a lower-profile twist, Nashville, Tenn. will unexpectedly be home to an operation center and about 5,000 new jobs.
Facebook CEO Mark Zuckerberg is fighting back after the New York Times published an investigation into how the company failed to address Russian meddling in the 2016 election. California officials doubled the number of people missing as a result of the wildfires to more than 600. And Bill Oliver, director of the new sci-fi drama 'Jonathan,' joins Cheddar to discuss his new film starring Ansel Elgort.
Facebook's latest scandal has raised serious questions about founder and CEO Mark Zuckerberg's oversight of the troubled media giant.
Following an impressive quarterly earnings report, Sonos VP of corporate finance Mike Groeninger told Cheddar about the company's ambitions to move outside the home and become the "world's leading sound experience company."
In a conference call with reporters on Thursday that lasted more than 80 minutes, Mark Zuckerberg declared that an extensive New York Times report about his company's insufficient and self-preserving response to Russian meddling on the platform was "simply untrue."
