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Exploring the new way to upset the world of Blockchain on Shift Money

Photo: Shift Conference / Facebook

Photo: Shift Conference / Facebook

There is no seven-year itch for the Shift team! While the team successfully completed the seventh edition of the largest developer conference in Southeast Europe, called Shift Dev, they successfully discovered a new track on the beaten path.

The team's last venture was Shift Money, a conference on financial technology which aimed to explore new ways to upset the world of payments, insurance, loans and blockchains.

In this period, in Croatia, Shift Money brought together experts from leading FinTech companies and experts to discuss money issues like blockchain, cryptocurrencies, ICO problems and new payment methods.

From the organization team they said:

"The Shift team has been creating technology conferences for over 7 years with our premier event being Shift Dev, the largest developer conference in Southeast Europe, bringing together over 1300 visitors from all over the world in a unique Now, Shift Money will take its place as our biggest event, bringing Fintech's worldwide delegates to the beautiful city of Zagreb, Croatia. "

The conference was opened by the main organizer Ivan Burazin and creative director of the company s4fe.io Joel Wasfy. They emphasized the importance of the Fintech industry in Croatia and south-east Europe. Daniel R. Döderlein, CEO of the company Auka spoke of the cashless society and ways to recognize it among companies.

Sitting on the Google cloud advisory council, Mr. Döderlein has a series of records for his name. It was the first to develop mobile payment technology in Scandinavia, the first to launch a mobile payment service in Norway (mCASH) and the first to create and manage a regulated financial services platform on a public cloud.

After the second Norwegian bank, Sparebank 1, acquired mCash for exclusive use in the country, Döderlein kicked off its current company, Auka. Auka helps banks around the world to create, launch and monetize their mobile payments offer, following the same formula of successful banks in Scandinavia. Auka has been awarded with Deloitte Fastest Growing Fintech in EMEA and best mobile payment platform by CFI.co.

Robert Wiecko, COO of Dash explained why decentralization is important. He stressed that governance in a decentralized project is difficult because by definition there are no central authorities to make decisions for the project.

In Dash, such decisions are taken by the network, that is, by the owners of masternodes. The DGBB system allows masternodes to vote for or against proposals, which can then be implemented (or not) by Dash developers. A key example, Wiecko said, is at the beginning of 2016, when the Dash Core Team presented a proposal to the network asking if the block size should be increased to 2 MB. Within 24 hours, a consensus was reached to approve this change. Compare this with Bitcoin, where the debate on the size of the block has been raging for almost three years.

One of the speakers was also the CEO of Wirex, Pavel Matveev. Wirex, a cryptographic wallet and a payment app recently announced its first corporate partnership with the "piggy bank" of Blockchain, Pigzbe (WLO). The partnership will see Wirex list Pigzbe's native WLO token alongside its current Bitcoin, Litecoin, Ethereum and XRP portfolios. In turn, Wollo owners can purchase, store, exchange and spend WLO through the existing Wirex app and Visa card.

Wirex currently provides a debit card that connects to the cryptographic portfolios of the user in Europe, allowing them to convert and spend their crypt-assets in shops, bars, restaurants or public transport and this year has received an FCA license for electronic money. Already working in Europe, the company recently announced plans to expand its card offering in the United States.

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