Citi, Micropayments and Social Good: Consensus 2015 Afternoon Sessions
CoinDesk's inaugural conference, Consensus 2015, took place at New York's TimesCenter yesterday with speakers including Blythe Masters, Kosta Peric and Wences Casares. The afternoon sessions were kicked off by CoinDesk's Joon Ian Wong, who led a one-on-one session with Debra Brackeen, the global head at Citi's Innovation Center. Brackeen explained how Citi became involved in the blockchain and cryptocurrency space and said, during her approximately four years at the company, digital money had been part of the conversation. Citi funded its first crypto project in January 2014, which dealt....
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Citi first hinted at its blockchain ambitions 10 days ago when it revealed it had developed its own cryptocurrency following years of research in the space. The so-called 'Citicoin' project from the world's eighth largest bank is the latest sign that financial institutions are starting to take blockchain technology seriously. Expect to hear much more about Citi's plans for digital currencies and blockchain tech this September when key executives from the bank speak at Consensus 2015. "Blockchain technology not only has an opportunity to transform financial services but also extend far....
Consensus 2015, CoinDesk's inaugural conference, was held in New York last week. The event featured a wide range of speakers, including prominent figures from the crypto space, traditional finance, law enforcement and aid sector who engaged in a wide range of discussion topics; including the potential use-cases for bitcoin and blockchain technology. Below is a round up of the best quotes from the day's discussions, in case you missed the event. For a more detailed overview of the day's proceedings check out our live blog or our summaries of the morning and afternoon sessions. Consensus....
Last week, over 500 attendees and speakers gathered inside New York's TimesCenter for CoinDesk's inaugural conference, Consensus 2015. It was a jam-packed day which bought together industry figures from the banking world, law enforcement, Silicon Valley and beyond to discuss the future use cases of blockchain technology. Away from the stage, the event saw numerous events, including the diversity scholarships, knowledge bars and book signing sessions. Toggle using the arrows below for our highlights, or search using the hashtag #Consensus2015 on Twitter. CoinDesk EventsConsensus 2015Galleries
The United Kingdom, is often one of the friendlier places when it comes to Bitcoin legality, especially when compared to US regulation, such as the New York BitLicense. Citi, a global banking and financial corporation, recommended that the UK take its acceptance one step further with the creation of a UK cryptocurrency. In a document submitted by Citi to the British government, Citi noted the risks involved with digital currency. However, Citi also mentioned the untapped possibilities that digital currencies like Bitcoin can offer:
As the use of digital wallets and cryptocurrencies becomes more abundant, new use cases for micropayments will be further explored and developed. I recently came across Marc Andreessen’s article from 2014 on Bitcoin (BTC). In many ways, it is visionary (no surprise). I have been in the industry for four years now, with most of my focus being on the social impact of blockchain. It is astonishing to me that in 2014, before there was any institutional presence in Bitcoin — or, indeed, a popular understanding of this new technology — Andreessen was able to outline its potential economic and....