labitconf-buenos-aires

laBITconf will return in Buenos Aires, Argentina on November 04 and 05, 2016 to discuss cryptocurrency, its potential, challenges and opportunities. The event will bring together over 60 industry leaders including Andreas Antonopoulos, Peter Todd, Anthony Di Iorio, Erik Voorhees, Trace Mayer, Sergio Lerner, IBM, Microsoft, and representatives of five of the largest mining companies, among many others, and 50% of Bitcoin’s mining power.

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Image credit: Buenos Aires, Argentina by Ksenia Ragozina, via Shutterstock.com

A recent report titled Bitcoin Market Potential Industry (BMPI) suggests that Argentina tops the list of countries with the highest potential for bitcoin adoption notably due to the country’s persistently high inflation and its large informal economy.

“Since its adoption, bitcoin has flourished in Latin America, with Argentina leading the way,” said Rodolfo Andragnes, the coordinator of the conference.

“Due to numerous years of economic strife, the country became a haven for innovators to explore and develop solutions to the financial troubles. Numerous businesses, mostly hotels, began to use bitcoin as a form of payment and ever since then, the rate of bitcoin transactions continues to increase and the attention towards its underlying blockchain technology continues to grow. […] We chose Buenos Aires because the new government is open to understanding and promoting this technology.”

Echoing Andragnes, Daniel Diaz, VP of Business Development for Dash said: “The Latin American market is a fertile ground for digital currencies; the political and financial situation in some countries in the region make alternative financial services more appealing to this market.”

“People have suffered directly from inflation, capital controls and political instability for years, so we are speaking to an audience that is extremely receptive to the advantages digital currencies can offer.”

laBITconf 2016 will tackle some of the hottest topics in blockchain and digital currency among which the implementation of distributed ledgers in global banking, digital currency regulation and compliance and the potential impact of the technology on society.

Organized by ONG Bitcoin Argentina, the annual laBITconf aims at informing and educating attendees on the latest developments in the cryptocurrency industry. The event includes panel discussion, keynote speeches and networking opportunities. This year, laBITconf will take place at the century-old Piazzola Tango Theater in Buenos Aires.