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.

Share:
More In Business
How to Save for Retirement the Right Way
As millions of Americans are set to retire, John Carter, President & COO of Nationwide Financial, shares what to expect and how consumers of all ages can better prepare for their golden years.
Microsoft Is Having Its ‘iPhone Moment’
Jason Moser, analyst and adviser at the Motley Fool, shares thoughts on recent tech earnings, including what’s behind Google’s share price drop and why A.I. could be Microsoft’s ‘iPhone moment.’
Load More