Former Wall Street investment manager Will McDonough launched iCash in September 2017. McDonough explains how he is using this network to launch its first product, which applies cryptocurrency to online sports wagering.
Now is the time to jump on the cryptocurrency craze, says McDonough. "We're still very, very early. This is a true supply and demand story," McDonough said. This week, both Bitcoin and Ethereum surpassed new milestones. After surpassing the $11,000 mark this week, Bitcoin is now trading at $9,614.
FaceOff, iCash's first product launch, will be a decentralized application for online sports wagering. McDonough says by using cryptocurrency, this platform removes the "house" and risk. McDonough says by leveraging Ethereum and smart contracts, FaceOff can create auto-settlements.
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Caitlin Clark is heading to the Indiana Fever, the number one draft pick and the highest-scoring college basketball player of all time. And while she may not be getting millions from the WNBA, there's a few ways she'll net compensation for her generational talents.