20 June 2018
Institutional infrastructure to bring cryptocurrency to the masses
Background:Cryptocurrencies will one day become an integral part of the future financial system, used in the everyday lives of billions of people. Although it is unlikely they will ever fully replace traditional means of payment, they bring the exciting potential to broaden the scope of financial services offerings, by helping to tackle everything from financial exclusion to streamlining public service delivery. Bringing the vision of widespread cryptocurrency adoption to life, however, does not come down to winning over the retail finance market. For it to take off, more must be done to convince institutional investors of its capabilities.
There are three key pillars that must be addressed in order to achieve this - Technology, Regulation and Infrastructure. Obi’s presentation will explore these three areas, painting a picture of what it will take for Bitcoin to achieve its original intended purpose as the future of money.
Obi is the Co-founder of Coinfloor, the longest established group of cryptocurrency exchanges for institutional or sophisticated investors and traders, founded in 2013. In December 2014, Obi assumed the role of CEO, and is responsible for overseeing the organisations commercial and product strategy and leads the senior leadership team of financial institution and cryptocurrency experts. Under Obi’s leadership, Coinfloor's market share has grown over 5 times and the firm now handles the majority of GBP exchange volume.
Prior to joining Coinfloor, Obi was the Founder and CEO of Supalocal, a software technology company who developed and took to market a number of next-generation queue management technologies. Prior to Supalocal, Obi held C-suite positions at e-Bookers.com, QXL.com and WeeWorld, where he oversaw the creation and development of a virtual currency, used by its 30 million users.
Obi earned a BSc in Computer Science from University College London. He is a regular commentator on Blockchain technology, Bitcoin and cryptocurrency at industry events and within the national and international press.