China has placed itself as one of the most developped market for Cryptocurrencies.
Over a few months, China caught up with New-Yok, Silicon Valley and London!
This should not come as a surprise as it is the home of some major Tech companies (Tencent, Alibaba and a lot of VCs).
It is an underserved population. It has the highest percentage of customers using at least one non-traditional Firm for Financial services (84,4%!).
It is also a country were e-commerce is booming and catching up with the US very fast.
As Cointelegraph states:
It is no surprise that China has emerged as the world leader in Fintech. With the world’s largest population, high Internet and mobile proliferation, and high adoption rates, the Middle Kingdom looks poised to continue its dominance in the Fintech space for years to come.
For the Global Blockhain Summit in Shanghai on September 14-16, a lot of guests are lining up:
- Nick Szabo, famous cryptographer and founder of bit gold
- Vitalik Buterin co-funder of Ethereum
- Dan Larimer (EOS CTO, co-founder of Steem and Bitshares)
- Patrick Byrne (CEO of Overstock)
More than 1,200 participants should attend the different sessions.
Other related articles:
https://cointelegraph.com/news/china-number-one-fintech-country-in-the-world
https://cointelegraph.com/news/vitalik-buterin-nick-szabo-among-guests-at-global-blockchain-summit-shanghai