Payments Race won by Bitcoin holder

Money 20/20, a conference dedicated to the future of finances, payments and transactions, has had an interesting race. Over the week, the participants of the race could use any transport available to get to Las Vegas before their rivals. But the catch here is that they could use only one chosen way of payment: Bitcoin, gold, contactless credit card payment, cash with coins, and, lastly, chip-and-pin cards (EMV standard signature cards).

Surprisingly even for the holder, Amélie Arras, Bitcoin has won the race of payments – even cash is behind. She was the first one to arrive in Las Vegas, and here we should not forget that it’s not Bitcoin who was planning the route. Amélie’s inventiveness has played a part as well. In an interview, she agreed that the organizers sounded almost disappointed that Bitcoin was the first and confirmed that traditional banks, indeed, view cryptocurrency as a threat.

                                 The race winner (from the video courtesy of Bitsonline)

Answering to the question on which thing was the most difficult for her during the journey, she replied that in Chicago, people asked “Bit… what?!” and explaining the concept of cryptocurrencies to people who never heard of them and lived with cash all their lives was a real challenge. “They just could not figure out what I was talking about,” she told. In the future, Amélie Arras plans to raise awareness of people about cryptocurrency.

Title image courtesy of Jon Southurst