Bitcoin remittance startups are invited to be part of an international conference happening next month in Istanbul. Bitcoin based services are gaining prominence in the global money transfer and remittance market. The role of Bitcoin and its potential to change the global economy is being recognized and acknowledged by the traditional players in banking and finance sectors. The recent letter to the stakeholders of JPMorgan Chase is one of the many examples. The inclusion of Bitcoin based companies to International Money Transfer Conference – IMTC EMEA 2015 further strengthens its position in mainstream economy.
READ MORE: Have Banks Started to Lose Sleep Over Bitcoin?
This is the very first edition of International Money Transfer Conference targeted towards Europe, Middle East and Africa region (IMTC EMEA) organized in Istanbul, Turkey. While the Middle East and Africa are emerging Bitcoin markets driven by lack of conventional electronic payments options and high volumes of international remittances respectively, European businesses are including Bitcoin as an additional payment option. Apart from Bitcoin remittance startups, this conference will also play host to telecommunications providers, banks, mobile network operators, non-banking financial institutions etc. that are involved in money transfer.
READ MORE: Bitcoin – MENA Region Scenario
According to the available statistics, the global remittance industry is growing at a record pace. The industry is expected to grow from $586 billion this year to over $636 billion by the year 2017. The remittance industry is driven by the increasing number of immigrant working population. Most of the migrant workers from developing countries send a portion of their earnings back to their home countries on a regular basis. The number of migrant workers is expected to touch 20 million by the end of this year.
READ MORE: BitPesa Wins the Hearts of Migrant African Workers
IMTC EMEA 2015 is for a duration of three days, including the pre-conference day on May 25, 2015. There are two certificate courses MTCC Certification Course and MTBIT – Blockchains & Remittances scheduled on the pre-conference day. Remaining two action filled days include conferences, afternoon round tables, MTCC-CTF Session and Trade Fair along with an evening networking party.
