GOOGLE AMONG COMPANIES PRESENTING AT CARIBBEAN WEEK IN NEW YORK
The Caribbean Tourism Organisation (CTO) will host its 5th Caribbean Week in New York, between June 1st to 4th and Google has confirmed their attendance. The internet and media titan will present, on how the Caribbean can increase its effectiveness in reaching the high-spending Generation Y traveler.
Meanwhile, popular online news publication Caribbean Journal will focus on how employees can become invaluable social media partners.
Both companies will present workshops at the event entitled, Climbing the Social (Media) Ladder, organized by the Caribbean Tourism Organization (CTO) as part of its programme for Caribbean Week New York.
“The development of social media marketing initiatives is a core part of the CTO’s programme to help our members and partners grow their businesses, and with research showing consumers will spend more time on social media in 2016 than ever before, this event is timely as we seek to discern how to move people from fans to customers,” said Sylma Brown, the CTO’s director of CTO USA Inc.
OVERSTOCK.COM INVESTS IN BARBADOS BASED FINTECH FIRM BITT
In February this year, Barbados based, Bitt launched a digitised Barbadian Dollar on the bitcoin blockchain, backed by the Central Bank of Barbados. The company which intends to digitise all of the currencies of the Caribbean, has received a sizable investment from Overstock.com
Speaking about the investment at a press conference in Barbados, Overstock.com CEO Dr. Patrick Byrne stated, "A major impediment to economic advancement around the world is the fact that the vast majority of humans are unbanked. Yet mobile penetration in some countries exceeds 100%. Bitt has a vision for the Caribbean of frictionless mobile cash”. He continued, "We respect and endorse that vision, and share a common desire to see online consensual exchange flourish globally.”
Bitt.com intends to use the proceeds from the investment to further its goal of building a financial ecosystem in the Caribbean that remedies the issues which people in the region experience daily, including high frictional fees from banks and other money services operations that make sending money in and out of the region cumbersome and costly.
"Regional small businesses find it financially prohibitive to offer online payment options to consumers and this places a drag on entrepreneurism in the Caribbean," said Bitt CEO and Co-Founder, Gabriel Abed. "Our aim is to use crypto-technology to turn our regional citizens into global citizens, giving them the ability to send or receive money directly via their phones, in seconds, from all corners of the globe."
WHATSAPP ENCRYPTS ALL ITS USERS' COMMUNICATIONS
If you’re a user of the most recent or current version of WhatsApp you might have noticed a message with a yellow background earlier this week indicating that your messages are now encrypted.
Unless you’ve been living under a rock for the past few weeks, you would have noticed that encryption has become a regular part of most news broadcasts and our everyday vocabulary, but what is encryption?
Simply put, encryption is a means of “scrambling information” and making it meaningless, unless you have another piece of information known as a key to decrypt it.
With end-to-end encryption, messages are scrambled as they leave the sender's device and can only be decrypted by the recipient's device. It renders messages unreadable if they are intercepted, for example by criminals or law enforcement.
The security setting is enabled by default, and some agencies are pleased. Amnesty International called the move a "huge victory" for free speech, others perhaps less so.