Richard Branson, one of the world’s most successful entrepreneurs is set to hold a Blockchain summit on his private island, bringing together some of the brightest minds associated with the cryptocurrency.
The three day Blockchain summit is being held at Necker Island, the home of the Virgin founder on May 25th. Many discussions will take place during the conference, including a discussion moderated by Hernando De Soto, president of the institute for liberty and democracy and Matthew Bishop, US business editor for The Economist.
‘‘Come visit with Sir Richard Branson on his private island for a set of intimate discussions highlighting critical issues and solutions and to lay out the framework for a world where the humankind is fully benefiting from the amazing technology behind the Blockchain,’’ states the digital welcome message.
Richard Branson holds a very large interest in the digital currency despite its astronomical dip in value. In May 2014, Branson took part in a funding round for payment processing firm BitPay, which gained a total of $32.7m in investments. Virgin Galactic also accepts the digital currency.
This is not the first Bitcoin event to be held in the Caribbean. In February the Satoshi Roundtable was held in the Dominican Republic, bringing together 60 Bitcoin entrepreneurs. The event was organized by Bruce Fenton of the Bitcoin association and debt solution firm Atlantic Financial.
Blockchain is going to be big. We know. Just like sessions at the subject at most other conferences we’ve been to recently, the blockchain panels and speakers at this year’s Tech Open Air conference in Berlin were packed to bursting.
If you think innovation in consumer cross border payments has been big, just wait for the business-to-business (B2B) side of the equation. Speaking at Money 20/20 Europe as part of The Bancorp’s Finetics™ Studio interview series, CEO Mike Laven talks about what’s next for cross-border payments.
Balancing the need for regulation with allowing innovative ideas to flourish is tough, and nowhere more so than in finance. That’s precisely why the UK’s progressive approach to regulating fintech companies stands out in Europe and the wider world.
Fintech is talked about as one of the most exciting segments of technological disruption right now, but after the implosion of so-called UK unicorn Powa Technologies and trouble at high profile US online lenders Lending Club and Prosper there’s been something of a sobering in the space.