El Salvador First Country to Make Bitcoin a National Currency

Amidst political turmoil and economic struggle, El Salvador has announced it is adopting Bitcoin as its national currency, becoming the first country in the world to do so. But things got off to a rough start this week as the Bitcoin e-wallet went offline for several hours as consumer download demand overwhelmed government servers. El Salvador President Nayib Bukele said the country will spend more than $225 million to launch Bitcoin. Global Bitcoin enthusiasts supported the initiative by buying $30 of Bitcoin, but that didn’t prevent the currency from declining 9.9 percent Tuesday evening. Continue reading El Salvador First Country to Make Bitcoin a National Currency

Shopify Debuts Product Updates Including Balance Debit Card

At Shopify Reunite, the Canadian company’s first virtual event, the direct-to-consumer e-commerce platform released numerous updates. Among them are Shopify Balance, a business account and debit card; a Local Delivery app; and Shop Pay Installments, a buy-now-pay later option. The company’s AI-powered fulfillment network is also now welcoming merchant applications. Shopify canceled what would have been its fifth annual partner and developer conference, Shopify Unite, due to the coronavirus. Continue reading Shopify Debuts Product Updates Including Balance Debit Card

CES 2020: ‘Robots for Good’ Advocates See Hopeful Future

A conference on “Robots for Good” sought to allay increased fears that robot overlords will soon rule the world and make humans redundant in the workforce. UC Berkeley professor Ken Goldberg, who heads a robotics lab there, spoke about his “radically hopeful vision of the future.” Robots will not replace humans, he said, but rather enable people to focus on what they do best: creativity, innovation, empathy and other inherent human traits. Goldberg also put the fear of robots in historical perspective. Continue reading CES 2020: ‘Robots for Good’ Advocates See Hopeful Future