Topic: Money 2020 to Chart the Future Path for Payments Industry (Read 386 times)

You don't get it. The authors topic pertains to the movement of banks together with other sectors in the finance world to talk about integrating blockchain in the banking system. It means simply that they are trying to create or transform fiat currency into a virtual currency just like what China is planning to do.

With this at hand bitcoin is going to go bankrupt in the future. Since it will be replaced by virtual fiat currency

Thanks for the information very much .i look forward to get paid in bitcoins when i get a job in the future .it will be great if it happens and it is totally great as u can sell it when the price of bitcoins is high.

Money 2020, one of the leading financial and payments conference is preparing for its 2016 edition, scheduled for October 23-26. The event happening at the Venetian in Las Vegas focuses on blockchain technology, fintech, and related regulatory aspects.

With most of the sessions and speakers already confirmed, the Money 20/20 conference has some of the well-known names from the cryptocurrency industry associated with it. Among the speakers are Brian Armstrong from Coinbase, John Beccia from Circle, Perianne Boring from the Chamber of Digital Commerce, Vitalik Buterin from Ethereum Foundation, Chris Church from Digital Asset holdings, Jacob Farber from R3CEV, Peter Kirby from Factom, Bobby Lee from BTCC, Jed McCaleb from Stellar and more.

As conventional banking and financial institutions continue to explore the use of blockchain technology in their operations, this event will bring both cryptocurrency and mainstream financial industries together. The main focus of this year’s Money 2020 event will be on regulations and innovation in fintech sector, which includes Bitcoin, blockchain technology, and cryptocurrency regulations.

The payments industry has been one of the fastest growing industry sectors in the past few years. Even before Bitcoin payments picked up, electronic payments involving cards, mobile payments, NFC-based contactless payments and others have been gaining traction. The upcoming conference will be instrumental in setting the pace for the future of payments industry.

According to reports, the Money 2020 event will also focus on making the existing payments options more attractive for merchants by combining loyalty programs and features. It may also include possible collaborations between mobile services providers and financial institutions for effective sharing of user data, which can be used to provide customized offerings for the customers for better conversion.

Cryptocurrencies have already carved a position for themselves in the payments industry. With increasing adoption, mainstream payment solutions providers have started to include Bitcoin support alongside their regular fiat payments offerings. The same trend is expected to continue even after the Money 2020 conference.

http://www.newsbtc.com/2016/10/16/mpney-2020-future-of-payments/