August 29th, 2017 at 5:55 am UTC · 2 min read
Organized by GLC Europe, a pioneer in the Production and Management of Interactive and Impactful Global Corporate Conferences the event will be held in Vienna on 14th & 15th September 2017. The participants at the forum gain the opportunity to discuss the trending topics of the financial industry and the geopolitical landscape that impact the payment industry. One of the key topics at the forum will be ‘How Blockchain Technology is Impacting Future of Payments’.
In the present era, millennial and all the other generations are slowly and steadily starting to invest in this new Digital Asset Classes, adopting the Blockchain Technology to make their day to day payments. The World has evolved from Bitcoins to BitLoans and talks are underway to form Bitcoin Exchange Traded Funds. Two decades ago, Central bankers were discussing countries around the globe switching themselves to regional currencies like Euro, Rupee, etc…and probable use of a ‘One Global Currency’ in future.
But now they are in the opinion that every country may have their own Digital Currency in future. As a result, financial industry giants in payments processing industry are converting and adapting themselves to new emerging delivery approaches for instant payment processing such as Blockchain Technology that incorporates real-time fraud prevention methods.
Faster unit cost rise of Bitcoin from US $ 600 levels to the US $ 3,000 in June 2016 to June 2017 period and subsequent increase of Ethereum, LiteCoin and other crypto-currencies are what paved the way for worldwide interest in Blockchain.
In future, the Internet of Things will need Blockchains to manage ultimately trillions of daily transactions. Blockchain technologies will beat traditional financial services companies that cannot manage micro payments and settle payments. The event ‘InnoPay 2017’ will bring in industry experts to create value through Platforms, People and Technology. More details on the event could be obtained by logging into https://glceurope.com/4th-annu
Disclaimer: GLC Europe is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.