Speakers at the recent Networld Media Group event in Boston addressed consumer adoption, merchant acceptance and government regulation of Bitcoin and other digital currencies. Patrick Clark and Bob Wilkins of Ziftr, sponsor of the Virtual Currency Today Summit, naveed sherwani bitcoin the event. We need to solve the bitcoin user experience for consumersthere’s too much friction for payment and confusion about wallets. The Virtual Currency Today Summit produced by Networld Media Group, publishers of Virtual Currency Today, ATM Marketplace and Mobile Payments Today, held its first annual show April 29 at the Back Bay Hilton in Boston.
Filling an informational need to keep abreast of a rapidly developing technology, the Virtual Currency Today Summit addressed a number of issues in the industry including consumer adoption, merchant acceptance, regulatory issues, and what the future holds for bitcoin and other virtual currencies. Right now, there’s too much friction for payment and confusion about wallets. Additional speakers at the Virtual Currency Today Summit included Bruce Fenton, Executive Director of the Bitcoin Foundation, Judd Bagley, Director of Communication for Overstock. Cotney, Commissioner of Banks for the Massachusetts Division of Banks, and Sarah Martin, Vice President of the Digital Currency Council. These speakers, and others, urged the audience to take a deeper dive into areas such as consumer awareness and how bitcoin processors can help merchants better market themselves after they initially announce their intentions to accept bitcoin.
Multiple speakers also urged the audience to work with regulators to shape a fair regulatory environment that doesn’t stifle innovation in the bitcoin industry. Questions about a news article you’ve read? Reach out to the author: contact and available social following information is listed in the top-right of all news releases. Questions about your PRWeb account or interested in learning more about our news services? Copyright 1997-2015, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc.
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