Canada welcomes Payments Canada Summit

Canada's largest payments conference - Payments Canada Summit, is kicking off on May 9 to cover the trends and developments in the payments ecosystem
18 April 2018   775

Payments Canada Summit 2018 is set to take place on Toronto on May 9 through May 11 at Beanfield Center. The three-day event is the forum that will connect the payments ecosystem. It is going to offer a wide range of topics including cryptocurrencies and blockchain. This conference is the ideal meeting point for the payments community to gather and discuss the future-state of payments, where Canada fits in the global ecosystem and the impact such transformation will make.

Leading sponsors of the event are IBM, Accenture, MasterCard and TaTa Consultancy Services. Featured speakers list include such individuals as Ripple SVP of product Asheesh Birla, Moneris President and CEO Angela Brown, Cybersecurity and Fraud Prevention Expert Frank Abagnale, The Global Futures Council on Blockchain Technology co-chair Toomas Hendrik Ilves and others. The full agenda for the summit can be found here.

Bakkt to Release Consumer App This Year

The app can be used for a wide range of tasks, e.g., crypto and securities trading, virtual goods purchase, etc
23 January 2020   92

Institutional Investor Platform Bakkt will release an app for retail investors this year, with which users can pay with cryptocurrency.

According to the president of Bakkt Adam White at the World Economic Forum in Davos, the application can be used for a wide range of tasks. In addition to trading cryptocurrencies, it will support various virtual “goods” like points of loyalty programs.

In addition, in the future it is possible to add securities trading, as well as the creation of a portal for shops and merchants. That is, the application will be more like a traditional fintech product like PayPal than a solution from a cryptocurrency exchange.

Although the Bakkt platform was originally created for institutional investors, the new director of Mike Blandina is very serious about entering the retail market. Earlier, he said that the application for retail investors should be released in the first half of 2020.

I do not think we are there yet. What gives me optimism is that we are seeing a lot of developer interest. I am confident that someone is going to find something.

 

Adam White

President of Bakkt

 White added that the cryptocurrency market is still underdeveloped.