On April 8, 2016, innovation-minded business people and officials, investors, and start-ups from all over the world will be paying a visit to the capital of Lithuania as venture capital fund Nextury Ventures, in association with Vilnius City Municipality, will be holding a conference “The Bitcoin Conference 2016”, the largest cryptocurrency conference in the Baltic states, featuring insights from US investors, experts, practitioners, start-ups, and officials.
Global Finance, the international business and financial markets magazine, has recently identified Lithuania as one of the most innovative countries in the field of online banking, and therefore the conference will focus on showing the investors what this country can do when it comes to bitcoin and blockchain innovations.
“Lithuania in general and Vilnius in particular are becoming a center for international financial innovation. The R&D sector has already seen the arrival of such serious players as Barclays and Western Union. We think that technologies such as blockchain, cryptocurrency, and bitcoin are among the latest and most exciting financial innovations. Gavin Wood coded the primary functional implementation of Ethereum released as “PoC-1” in late January 2014, invented the Solidity contract language and wrote the Yellow Paper, the primary formal specification of any blockchain protocol and one among the key ways Ethereum distinguishes itself from other blockchain-based systems. His original ideas for a decentralised web go back to early 2013, but my first post on the subject was in April 2014, later followed by a less-techy version.Lithuania and Vilnius have serious intentions to invest into breakthrough in this area and to become a leader on the regional and global scale,” Marius Skarupskas, Vice-Minister of Economy of the Republic of Lithuania, has said.
“We’re happy that international companies think of Vilnius in terms of financial innovation increasingly often. We want to take a step further and to become a regional innovator in the field of young financial businesses, known as FinTech all over the globe. The conference scheduled to take place in April will provide an excellent opportunity to find out about the latest financial innovations and, with the assistance of professionals, scrutinise the possibilities that bitcoin has to offer,” Remigijus Šimašius, Mayor of Vilnius City, has said.
Bitcoins are popular with young people aged 18–27, their benefits have been grasped by entrepreneurs and start-ups in the sector of FinTech. One case in point – the start-up Coinbase, which allows people to deal in bitcoins, the virtual currency – back in 2013 received a 25-million venture capital fund investment. “We make it easier for the consumers to buy, for the sellers to sell, and for the developers to develop,” Coinbase’s representatives claim.
“The Bitcoin Conference 2016” – experts from all over the world on virtual currency trends, innovation, and outlook in Lithuania, coming to Vilnius on April the 8th.
by Robertas Sapalas, Director of Marketing at Nextury Ventures
More information about the conference thebitcoinconference.com
What defines us is our desire to be the best. Since 2008 we have been ranked among the top 5 fastest growing economies in the EU, and going forward we are forecast to continue to rise above the EU average. Added to this, our can-do-approach has enabled us to jump eight places since 2013 for the ease of starting a business to 11th place globally in the World Bank’s Doing Business Report.
More information www.investlithuania.com
About Nextury Ventures
Nextury Ventures is a Venture Capital Fund established by a prominent International Entrepreneur Ilja Laurs. Nextury Ventures invests in early stage startups and new fast growth and high potential value ideas.
More information www.nextury.com