Israel cryptocurrency conference overview – BeInCrypto

Israel cryptocurrency conference overview - BeInCrypto

Institutional funds adopted Bitcoin and the decentralized economy, the development of decentralized finance – DeFi – more applications, more technology, and more users than ever, the launch of super speedy smart contracts like Solana alongside scalability solutions for Ethereum like Polygon, Arbitrum, and Optimism.

The crypto sector has experienced significant growth over the past two years, zooming from a $200 million valuation to more than $2.9 trillion. This growth is based on four major factors.

Highlights

  • On December 16, 2021, the Israel Crypto Conference was held in Tel Aviv with more than 650 attendees in a sold-out event.

  • And the adoption of smart protocols enables NFTs to engage with art and games.

A conversation with Mark Smargon, CEO at Fuse.io

The event brought leading crypto tech and we talked with them about the eco-system, Israel has become a major player in creating technology for the crypto industry.

What was the key issue Fuse wanted to solve, when you started?

Mark: We started Fuse in 2019 after making several steps in the blockchain world since 2013. We felt Fuse was needed because the technology was exciting but no one focused on applying it to non-technical users or investors. We believe that in the future people will use open-source permissionless technology behind the scenes of our daily lives.

It’s hard to see today because the technology is new but applying it to use cases like payments is something badly needed especially in places that use mostly paper cash. Fuse wants to build a payments infrastructure that is borderless and provides lower entry barriers to consumers and merchants and also for the companies that operate those services. What do you see at the next big push in development in the crypto space? What are people building?

Mark: We are excited to see more and more “sharing economy” business cases that exist around the world like Uber, Airbnb, Deliveroo, etc. start seeing more and more alternatives that are smaller and more local but also charge much less percentage from the merchants. We believe that the internet is not finished to disrupt those industries and with Fuse technology behind the scenes, users would be able to do everyday stuff like order food delivery or list an item on a second-hand marketplace without paying an intermediary 30%.

Quick chat with Nimrod Lehavi Founder & CEO Simplex Why is the work your company does important for adoption?

Nimrod: It’s still a common notion that crypto is far too complicated for the average person to use or understand, and part of Simplex’s mission is to change that with an even more streamlined UX for anyone joining the growing crypto ecosystem. We intend to drive adoption further by supporting our partners’ users with every possible payment method, increasing auth rates, and driving transaction costs to the minimum. Asaf Orpani, Founder & CEO at Arkhivist shares his vision

What is the biggest issue holding back crypto adoption, from your perspective? Nimrod: Simplex aims to change the status quo of the current crypto markets by providing a simple, seamless, and secure solution to convert over 110+ fiat currencies to 100+ cryptocurrencies. We empower our partners to offer the widest range of payment methods to their users, including Visa, MasterCard, Apple Pay, SWIFT, SEPA, as well as enable users to spend their crypto earnings in the traditional way – withdrawing from ATMs, online payments, in-store shopping, etc.2.