A short YouTube report covering Money20/20 Las Vegas, summarizing discussions and interviews about blockchain, cryptocurrencies, and the future of payments. Industry figures (e.g., David Schwartz, Esther Pigg, Craig Ramsay, Vinny Lingham, Ryan Taylor) debate whether blockchain is the right technology for payment systems and whether governments/central banks will issue digital currencies. The piece presents a generally pro-crypto outlook while noting institutional resistance (e.g., Jamie Dimon).
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Money 2020 is one of the biggest conferences in finance and innovative technologies in the world. This time it took place in Las Vegas, usa. Thousands of people attended the event to discuss the new technologies that would revolutionize global finances and create the future of money. And of course, crypto and blockchain Ripple's Chief Technology Officer David Schwartz and FIS Payments Senior Vice President of Product Strategy Esther Pigg debated about the future of a new payment system and whether blockchain was to be the right technology for the industry. Craig Ramsay, HSBC's global innovation lead, noted that digital ledger technologies and central bank digital currencies represent a great challenge to existing settlement systems. Blockchain entrepreneur and industry advisor Vinny Lingham told Cointelegraph in an interview that governments globally are poised to push back against Bitcoin as it threatens their ability to make money. He also added that every country would issue their own cryptocurrencies and that it's just a question of time. The CEO of Dash Corp. Ryan Taylor, revealed similar thoughts, telling cointelegraph in an interview that central banks had certain advantages in issuing their own cryptocurrencies, underlining that cryptocurrencies, meanwhile, are the inevitable future. Despite JP Morgan CEO Jamie Dimon claiming not to give a shit about Bitcoin, he soon might have to take his words back as crypto seems to be here to stay and conquer. Cointelegraph like subscribe and Hodl.
