E-currency event highlights potential to stimulate island’s economy

| June 20, 2014 | 0 Comments
Wi-Manx Bitcoin event

Over 150 people attended the Junior Chamber of Commerce Bitcoin event on Wednesday morning held at the Best Western Palace Hotel. Sponsored by Wi-Manx who last week announced they are backing a digital currency incubator alongside Dixcart, guests were treated to a delicious breakfast and an extremely engaging talk from Paul Davis, advisor and expert in the e-currency arena.

Opportunity for the Isle of Man?

Ministers, MHKs and interested parties alike were enthralled to learn that following the government announcement last week welcoming the use of digital currency on the island, no fewer than 60 companies have since shown an interest in making the Isle of Man their new business home. Bringing jobs, additional trade and utilising local amenities such as broadband and hosting services, this movement will further position the Isle of Man as a financial technology power player as it continues to act as a destination island for organisations looking to flourish in an effective environment.

Leonard Singer MHK, Member of the Department of Economic Development responsible for e-Business said of the morning “It was great to see the event was attended by so many businesses that were keen to learn more and benefit from the emergence and growth of digital currencies.

There are an increasing number of businesses active in this space, many of which are looking to relocate their operations to the Isle of Man. The Isle of Man’s reputation as a trusted and respected jurisdiction, its world class infrastructure and the Government’s “can-do” approach to business all make for a compelling offering.

Many local firms are actively contributing to the growth and development of this exciting sector exampled by the investment Wi-Manx have made in their datacentre, network and staff. Such investments will provide a level of confidence to firms locating to the Isle of Man who demand a great value, high performance and robust technical infrastructure.

The event’s host, Owen Cutajar Chairman of the Junior Chamber of Commerce went on to say:

“There was a good mix of those looking to learn and relevant bodies that will be integral towards the progression of the island’s digital currency agenda. During his talk, Paul Davis did an excellent job of explaining the many possible benefits crypto-currencies like Bitcoin could bring to the Isle of Man’s economy and we had some really encouraging questions from the audience. Special thanks to Wi-Manx for sponsoring what was a great event.”

As well as their involvement in providing network and hosting services to the Bitcoin incubator, Wi-Manx offer a range of solutions tailored specifically towards Digital Currency and FinTech organisations. Call Gary on +44 1624 641186 for more information.

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Category: Events

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