"Regulatory, Globalization, Talent", Metaverse join hands with Money20/20 to open a new chapter in Blockchain finance!

The inaugural Money 20/20 China’s launch ceremony was held on January 30, 2018 at the Hangzhou International Expo Center. Metaverse CEO and founder, Eric Gu, was invited to attend the ceremony alongside other notable guests including Yao Feng, Vice Mayor of Hangzhou Municipal Government in Zhejiang Province; Zhu Xiaosong, President of Lianzhong Payment, Raymond Qu, founder of Geoswift, and Duncan Painter, CEO of Ascential Group.

Initially founded in the US, Money 20/20 is now the world’s largest payments and financial technology conference, and is held annually in Europe and the US. On 23 October, 2017, Money 20/20 Las Vegas began, attracting over 3,000 traditional financial institutions and Fintech firms from over 75 countries including

American Express, JPMorgan Chase, PayPal, Alipay and Lianlian Pay. Together with giants in the mobile, retial, marketing services, data and technology fields, Metaverse  FTP attended Money 20/20 in 2017 and was interviewed by the organizer’s media partners.

Kicking off the roundtable discussion at the launch event of Money 20/20 China, Vice Mayor of Hangzhou Yao Feng discussed the increasing openness and inclusiveness of the ecological chain of innovation and entrepreneurship in Hangzhou. Hangzhou's business climate inspired the development of emerging industries and companies, including world's top Internet giants such as Alibaba and NetEase. Moving forward, Hangzhou will continue to walk at the forefront of the industry, explore innovative ways to actively respond to industry challenges, building Hangzhou’s own "Silicon Valley."

During the roundtable session, Eric shared his concerns with the audience, namely the three things that keep him awake: regulation, globalization and talent. On the need for financial regulation, he expressed that regulation must involve active and steady supervision rather than “rigid uniformity”. Confronted with the violent collision between traditional finance and digital finance, Eric emphasized the concept of "Blockchain +". That is to say, Blockchain can not only be combined with the fields of finance, healthcare, arts and intellectual property, but also generate huge market economic benefits. In addition, he highlighted the challenge of standardizing the practice of Blockchain enterprises.

At the conference, participants shared the latest industry trends and jointly discussed future development trends for Blockchain digital finance. Hangzhou, with its entrepreneurial environment, is well-suited for the rapid development of emerging industries such as Internet finance. In the age of economic globalization, digital currency has also gone global. The Blockchain can promote and reform the financial sector. At the same time, it will subvert the traditional financial model and gradually become decentralized during the process.

The Asia-Pacific region, especially Asia, has enormous potential in economic growth and extraordinary performance in the emerging financial sector. Shanghai and Hangzhou lead the world-class dual-core financial technology Yangtze River Delta Development Zone, paying special attention to talent inclusion. According to Eric,“By the end of 2018, Blockchain industries will attract talent from the traditional financial sectors, including Google and Amazon, to acquire talent around the world.”