Last year was the year cryptocurrency came of age – the year that your next door neighbour was just as likely to have bought into the market as a tech-savvy finance fanatic. It’s down to a number of exchanges that have been set up to make trading cryptocurrency easier for average consumers.
Despite this, the world’s major banks and financial institutions are still fence sitting when it comes to cryptocurrency. Recently Lloyds Banking Group, JP Morgan, Bank of America and Citi all announced bans on their customers purchasing cryptocurrencies with their credit cards.
While the Commonwealth Bank is the first Australian bank to follow, many other local banks made brief statements about the US and UK bans and left the door open for future action. From an outside perspective, it may seem like this is traditional publishers shouting down digital opportunity all over again, but is it?
Finder.com.au co-founder, Fred Schebesta, recently launched HiveEx.com, a cryptocurrency over-the-counter trading brokerage service that works with some of the world’s largest cryptocurrency liquidity providers and deals in Bitcoin, Ethereum, Litecoin and Ripple.
In this session, Schebesta will explain what the opportunity in cryptocurrency is from the perspective of an entrepreneur, how he has marketed the services of HiveEx.com, what the challenges are in working with cryptocurrency and why the big financial names have dealt with cryptocurrency from a distance.