Our takeaways from the Money20/20 (Bit)coinWorld conference
Our co-founders Ilya and Divya attended the Money20/20 conference last week. Here are our takeaways:
The explicit interest in digital currencies like bitcoin at the conference is a sign of it’s impact on the payment industry.
Many of the (Bit)coinWorld speakers set out to educate the who’s who in the payments industry on digital currency. This shows that education remains a large and necessary step for everyone from the payment companies, to businesses, to people who would benefit from using digital currency. Â
While many people in the payments industry believe in the future impact digital currency will have, we are still in the very early stage.
Innovation in the payments space is slow due to the ecosystem. It has previously taken years for people to be convinced and change their behavior with something as personal as their money.
We believe digital currencies like bitcoin will accelerate innovation in the payments space because of it’s open technology.
