Digital Currencies Update
Brian Patrick Eha
Reporter, American Banker
Director of Global Business Development, Coinbase
In the years 2015 and 2016 we saw private blockchain projects in the ascendant, and the price of bitcoin depressed with many predicting the death or irrelevance of the pioneering digital currency. But that isn't what happened and in fact, earlier this year, its price hit a new all-time high. While many banks are still leery of this "digital gold," no less than Mitsubishi UFJ Financial Group has announced that it is working with digital currency startup Coinbase to try to improve cross-border payments. At the same time, alternative cryptocurrencies such as Monero and Zcash have aroused interest in their own right. But barriers to adoption remain. How can they be overcome? What accounts for bitcoin's astonishing resilience? And, in a world where every big bank seems to have its own blockchain lab or working group, what can digital currencies offer? Find out during this session.