Web Summit 2018, a Great Event for Crypto Community

This year’s Web Summit 2018 in Lisbon witnessed impressive giveaways in the form of free digital assets from various blockchain companies. The annual event hosted various A-list panelists including Pinterest’s CEO and Co-founder Ben Silbermann, Medium’s Ev Williams and a number of prominent executives from the tech industry, startups, media, and investors. The conference was attended by close to 69,000 participants, from 159 countries and addressed by 1,200 speakers. Among them were 1,800 start-ups, 1,500 tech investors and representatives from 2,600 media outlets, all on a single platform. The scale and reach of Web Summit compelled crypto companies to make their presence felt.

Here are some of the notable crypto-industry related developments during the Web Summit 2018.

Blockchain Partners with Stellar Development Foundation

The world’s leading cryptocurrency wallet and Bitcoin block explorer platform, Blockchain announced its partnership with Stellar Development Foundation – the organization that issues Stellar lumens to give away $125 million worth XLM through an airdrop to event attendees. In order to receive the giveaway, attendees required to have a Blockchain wallet. The XLM fueled Stellar blockchain platform has gained a huge reputation for its speed and low-cost transactions.

eToro Partners with BTC.com

Yet another digital currency platform, BTC.com and social trading platform eToro announced a partnership to drive cryptocurrency adoption at the event. The partnership was marked by BTC.com giving away pre-loaded cards with 0.0030 BCH (roughly $2) to attendees visiting their stall. Apart from the giveaway, BTC.com’s stall acted as an information center where people can get all their questions regarding cryptocurrencies answered. eToro also announced the launch of its eToroX wallet, which will soon get additional functionalities like support for more coins and fiat tokens, crypto-to-crypto conversion, fiat deposit, and payment in-store capabilities. The first 100,000 people downloading the new eToroX wallet get to receive 0.1 ETH (approx. $21) in their respective accounts.

Bitstamp’s Giveaway

Not to be left behind, BitStamp also promoted cryptocurrencies by educating first-time traders on how to use cryptocurrencies. The Luxembourg based company has launched ‘Cryptomyths’, a quiz designed to make the world of cryptocurrencies clearer so first-time traders, so that they can gain in-depth knowledge of how and what to trade. Summit attendees who took part in the quiz earned a $10 trading process that will be activated when they make their first trade on the BitStamp platform.

Those interested in knowing more about the event can visit https://websummit.com/media/press-releases.