OXFORD, England, May 15, 2015 /PRNewswire/ --
Brick and mortar merchants - the building blocks of business
On Friday 15 May, founder of the new revolutionary digital currency, LEOcoin's Dan Andersson, addressed the worldwide Inside Bitcoins conference in Hong Kong.
A month on Dan Andersson was back to explain how it is the small and medium sized enterprises (SMEs) in the world's economy that were going to be the key driving force behind LEOcoin's success. Speaking ahead of his conference appearance Mr Andersson said:
"Our business, Learning Enterprises Organisation Limited (LEO), has always been about providing small business owners with the confidence and skills to expand their enterprise. It has become increasingly clear through our work with the 160,000 LEO members that one of the biggest barriers to their ability to trade on a larger scale is the cost and security of international transactions.
"Digital currencies, like LEOcoin, offer a radical opportunity for business owners to make direct private transactions with no charges."
Dan explained that one of the reasons we have not seen wide scale adoption of digital currencies to date is because they have lacked mass market appeal. Simply put, not many people are trading in digital currencies because not many people are trading in digital currencies.
Where LEOcoin offers a departure from the status quo is that there were already users signed up to the idea of using the coin, before it had even launched. This knowledge that there was an existing market to engage with has driven uptake of LEOcoin from the moment it went live. This has created an incentive for traders to build their own ecology rapidly.
Dan Andersson added, "It is the fact that there is an existing market place of bricks and mortar traders that will drive LEOcoin's success. A market place with zero transaction fees where they can trade internationally and privately, provides a solution to many SMEs previous reticence of global trading."
Inside Bitcoins Conference
Session details: Friday 15 May - Hong Kong
Bitcoin for Brick-and-Mortar Merchants
Dan Andersson, Founder, LEO and LEOcoin
10:15am - 11:00am
For press enquiries and to arrange interviews please contact:
James Hargrave, JBP
Karen White, JBP