Bitcoin Makes An Appearance At Davos

Although talk of cryptocurrencies like bitcoin was previously reserved for tech enthusiasts and speculators, the currency has made its way on to perhaps its largest stage yet— the World Economic Forum in Davos.

In 2014, the currency was only briefly mentioned at the forum by policy makers and central bankers, often in a negative light. But this year the currency’s growing popularity made it impossible to ignore as a talking point at the conference.

Blockchain Puts Bitcoin On The Map

Despite the currency’s dip to near $200 in recent weeks, excitement around the technology it is based on, blockchain, has exploded. Startups have begun to emerge touting the ability in incorporate blockchain’s ledger into a variety of industries and promoting the use of bitcoin for the average person.

Bitcoin At Davos

Economists and central bankers have begun to take notice and made bitcoin and cryptocurrencies the topic of a Friday seminar titled “From Bucks To Bitcoins."

Related Link: Blockchain Spreads Its Wings

The talk is expected to review how far the currency has come and how it might affect financial services and consumer behavior. Enthusiasts of the currency say the talk at Davos is a big step towards integrating the digital currency into mainstream use.

Davos attendees also have the opportunity to understand how bitcoin is used first hand. The digital currency is being accepted as a valid form of payment at many retailers in the area while the conference takes place.