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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The billionaire slated to takeover the controlling interest in the Los Angeles Lakers has built a career leading businesses investing in everything from sports franchises to artificial intelligence.
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