Bitt, the Barbados-based pioneer of digital payment solutions in the Caribbean, will be hosting a financial technology (FinTech) forum that facilitates public discussion with regional Central Banks, and other key regional and international financial institutions around the potential of Blockchain technology.
“The purpose of the event is to bring to light the benefits of adopting blockchain technology for central bank issued digital currency and the dynamic benefits that such a move will bring, including addressing many of the various challenges of managing currencies in the region,” explained Peter George, Chairman of Bitt.
Dr. Patrick Byrne, CEO of the US retail giant, Overstock.com is one of the distinguished speakers in the line-up of the September 28, 2017 conference, titled ‘Central Bank Meets Blockchain’, to be held at the Hilton Barbados from 10am to 5pm. Bitt has been working with its investment partner, Overstock.com, to accelerate the development of a digital financial ecosystem, starting in the Caribbean.
“The willingness of the Barbadian government to work with industry leaders to even consider such a maneuver, demonstrates the importance and potential symbiotic relationships between regulators and private blockchain firms, especially in the developing world,” said Byrne.
Byrne has invested in a suite of entities pioneering in Blockchain technology including Bitt in Barbados – and Overstock.com has led the charge in accepting Bitcoin and other digital currencies for payment of goods.
Other speakers at the event include Timothy Antoine, Governor of the Eastern Caribbean Central Bank; Michelle Doyle-Lowe, Deputy Governor of the Central Bank of Barbados; Nigel Romano, CEO of JMMB; Kris Kersey, Director of PricewaterhouseCoopers; Sunil Sabharwal, US Alternate Director of the IMF (International Monetary Fund) and Ameer Rosic, CEO of Blockgeeks.
The event’s various topics include Financial Inclusion, Anti-Money Laundering, Counter-Terrorist Financing and Bank De-Risking. Gabriel Abed and Oliver Gale, Co-Founders of Bitt, will add to the discussions.
“As Bitt seeks to empower the Caribbean by utilising blockchain technology and digital currency to address many of the pervasive financial challenges affecting our region, we have long been holding direct discussions with local and regional regulators. This session brings us all together in one venue and provides an opportunity for input from other interested parties,” George noted.
Bitt’s intent is to run trials hosting its local fiat currency, the Barbados Dollar, on a digital Blockchain equivalent. The digitizing of the Barbados Dollar, with the Central Bank of Barbados’ involvement is to be hailed as a significant achievement for the region.
To learn more or to register, visit http://www.bitt.com/events/cedntral-bank-meets-blockchain and www.bitt.com