Money20/20 Europe which took place in Copenhagen, Denmark between the 4th and 7th of April 2016 was an event that left an imprint in the mind of all who attended and has set the bar for every other conference in the future to attain too. If you missed out don’t worry as the revolution that took Europe by storm is on course to continue in Las Vegas this October.
According to many banking experts, Blockchain is set to revolutionise banking in the same way that email revolutionised communication. After all, its practical applications can impact everything from international money transfers to identity verification. However, blockchain has served up a quiet revolution so far, still waiting for its moment to blow apart decades-old infrastructure and bring banking into the digital age.
Bitcoin is no longer just a currency of the internet as it can now be spent at any brick and mortar shop, filling station, restaurant or any other business premises that offers Visa and MasterCard as a payment option. This is on top of the added benefit of withdrawing the cash equivalent of your Bitcoin account from any ATM. E-coin is at the forefront of this and has plans to keep it that way for the foreseeable future and will be announcing more developments in the coming weeks ahead.
The past twelve months have been an exciting time for the Blockchain with practically every major bank in the world looking into its possible applications. The topic was a central point of the World Economic Forum in Davos, who identified the Blockchain as one of the core technologies of the Fourth Industrial Revolution. The theme is now making its way to London, UK on the 27-28 of April at DoubleTree by Hilton Hotel London - Docklands Riverside for the European Blockchain Congress.
The war on cash has been a favorite pet project of the economic central planners for quite some time now. They want to eliminate hand-to-hand payments so that governments can control, document and tax everything. The governments hate paper cash as it is so hard to track and the light in the darkness for them to rectify this is Bitcoin and its distributed ledger but they want control of it first.
The Westminster Business Forum took place at the Royal Society London on Wednesday 13th of January past. The topic of the forum was the future of FinTech in the UK - competition, regulation and opportunities for growth, with a focus on the future of the FinTech sector in the UK, and the opportunities it presents for the future development and delivery of financial services.
2015 was the first time in the United Kingdom that contactless transactions accounted for one in ten card payments according to the UK Cards Association. Stockholm, Sweden which was the first European country to introduce bank notes in 1661 is looking like the front-runner in getting rid of them in 2016.
Bitcoin debit cards have serious potential at being a massive player in bringing in new adopters to the digital currency ecosystem. Of all the new protocols and products that has entered the market over the last twelfth months, it is the one that I have witnessed most naysayers and those on the fence take most notice off.
When I first came across Bitcoin around four years ago, I was already interested in maintaining my personal right to privacy online although it was only through following the road of the digital currency that led me to an interest in encryption and how to use it and really maintain my right to a private life.
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