BlockShow Americas 2018 Goes Live With ‘Wall Street vs Crypto’ Panel Discussion

By Helen Partz

Moderated by TechCrunch’s editor-at-large Mike Butcher, the panel was comprised of five experts from the finance and crypto industries, including leading IT analyst and Forbes contributor Jason Bloomberg, CEO of Celsius Network Alex Mashinsky, and CEO of Regulated Transactions at Titan DX exchange Rich Gupta.

Addressing the main question of when the two industries — crypto and Wall Street — are going to “merge,” Gupta claimed that the “mergence is happening right before us,” and that the underlying technology of crypto is being adopted by a number of companies. Specifically, Gupta mentioned the important role of blockchain deployment in backend development and settlement processes.

Celsius’ CEO claimed that traditional financial institutions should initially acquire first-hand experience in dealing with cryptocurrencies and learn how to “interact with the technology.” Without that, “we are not gonna have any progress,” Mashinsky stated.

Mashinsky also mentioned his experience in bringing together 250 compliance officers from major banks, during which he claimed that not a single person in the room said they held any cryptocurrency.

Read the entire article at https://cointelegraph.com/news/blockshow-americas-2018-goes-live-with-wall-street-vs-crypto-panel-discussion

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