Snapchat says goodbye to Snapcash, Shondaland announces its Netflix lineup and tech investment comes to Latin America. Here's your Daily Crunch for July 23, 2018. 1. Snapchat will shut down Snapcash, forfeiting to Venmo Snapcash may have been more of a liability than a utility. It's a crowded market for peer-to-peer payment tools, plus a Twitter search for "Snapcash" suggests that it was often used to pay for erotic content — so there were some PR risks for the company. The payment platform, which Snapchat created in partnership with Square, will shut down on August 30. 2. Ellen Pao memoir adaptation among 7 new Shonda Rhimes projects for Netflix Pao's memoir Reset, published last fall, details her life and career, which includes the gender discrimination lawsuit she brought against her former employer Kleiner Perkins in 2015. 3. SpaceX hyperloop pod competition winner breaks speed record WARR Hyperloop, a group of engineering students from the Technical University of Munich, have on SpaceX's hyperloop pod competition for the third time. 4. The tech investment wave has reached Latin America NXTP Labs Managing Partner Gonzalo Costa says Latin America has a unique opportunity to develop the next generation of startups — particularly with Internet and mobile Internet growth outpacing the United States. 5. The blockchain begins finding its way in the enterprise Blockchain technology has caught the fancy of major enterprise vendors like SAP, IBM, Oracle, Microsoft and Amazon. 6. Volta's ad-supported electric vehicle charging service raises $35M The San Francisco-based company combines outdoor digital advertising with charging stations to give electric vehicle owners free power. It has already rolled out a network of 1,000 charging stations that are open for sponsorship, and hopes to reach 2,000 by the end of this year. 7. Mondays are rough; podcasts can help This week's TechCrunch podcasts includes an Equity discussion of self-driving company Zoox, an Original Content review of the Netflix comedy special 'Nanette' and the premiere of TechCrunch Mixtape (which you previously knew as CTRL-T). |
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