This was our first time exhibiting at a Money20/20, and we had a fantastic experience. It was wonderful to attend many inspirational keynotes and panel discussions covering topics such as financial inclusion, CDBCs, and the creator economy.
At our stand, we meet with a diverse range of businesses, including multi-national tier 1 banks, central banks, neo-banks, and payment providers, looking to harness the geographical reach and mix of bank accounts, cash pick-up locations, and mobile wallets that Dandelion network has to offer.
Here are a few highlights from the event's agenda:
Day 1 saw discussions on the creator economy with OnlyFans CFO Lee Taylor highlighting that OnlyFans recently processed $18 million in payments to creators in one day. Open banking was another topic high on the agenda with keynotes from Tink and Stripe highlighting some of the benefits they’ve seen from the initiative.
Day 2 was host to a panel looking into the possibility of a digital euro. Central Bank Digital Currencies or CBDCs.Inge van Dijk, Director Payments & Market infrastructure at DeNederlandsche Bank said that whatever “we build is going to be something that is interoperable with the rest of the world and the other CBDCs”, highlighting the importance of cross-border interoperability of any solution that theEuropean Central Bank develops.
On day 3, the progress of financial inclusion was examined on a panel led byCarolyne Gathinji, an Associate Partner at McKinsey & Company. It was argued that progressive changes to education and cultural influences were of particular importance in order to connect women with financial services. The example given to support this view was that 70% of the unbanked population in Turkey are women. The panel closed by focusing on the size of the opportunity for cross-border trade in Africa, where alternative payment channels are critical for success in the region.