The brand-new 2016 seems to be really promising for the cryptocurrency world as the community has received some nice news from Vilnius, Lithiania. The Baltic-Review reads that Marius Skarupskas, Vice-Minister of Economy of the Republic of Lithuania, has noted that the country has “serious intentions” to invest into Bitcoin and the technology behind it.
“We think that technologies such as blockchain, cryptocurrency, and bitcoin are among the latest and most exciting financial innovations. Lithuania and Vilnius have serious intentions to invest into breakthrough in this area and to become a leader on the regional and global scale”, Marius Skarupskas said.
Actually, Lithuania is largely focused not only on cryptocurrencies and the technology of Blockchain, but also on FinTech in general. Lithuania has a large Research & Development sector, and major players such as Western Union and Barclays are venturing into the country, added Mr Skarupskas.
“The Bitcoin Conference 2016” will be held on April 8, 2016,by venture capital fund Nextury Venture, in association with Vilnius City Municipality. The largest Bitcoin conference in the Baltic states is expected to be visited by businessmen, investors and start-ups from all over the world. Moreover, it will feature insights from US investors, experts, practitioners, start-ups and officials. The event is going to last for one full day. Vilnius, the capital of Lithuania, is easily accessible through all forms of transportation. However, detailed information will be communicated at a later date.
“We want to take a step further and to become a regional innovator in the field of young financial businesses, known as FinTech all over the globe. The conference, scheduled to take place in April in Vilnius, will provide an excellent opportunity to find out about the latest financial innovations and with the assistance of professionals, scrutinize the possibilities that bitcoin has to offer”, said Remigijus Šimašius, Mayor of Vilnius City.
It is no secret how blockchain technology and Bitcoin are one of the most exciting things to happen to the financial world in quite some time. Given the fact how prone this sector is to disruption, Bitcoin seems to hold the upper hand is gaining mass adoption, as it is the only form of value that can be used and transferred around the world regardless of bank participation, states The Merkle.
According to Global Finance, the international business magazine, Lithuania is one the most innovative countries in the field of online banking. Therefore, the Bitcoin Conference will show the potential of the country to the investors and businessmen, The Baltic-Review reported.