MoneyConf - the financial technology and cryptocurrency conference - is due to take place in Dublin this June. The event is being organised by the Web Summit, and marks their first conference in the city since the departure of their flagship event in 2015. According to Web Summit CEO Paddy Cosgrave, technology is set to create a huge amount of disruption in the financial space, which is why it is deserving of so much focus.
"How banks operate is changing fundamentally, how we all transfer money, how we buy things, how we save, how we borrow is being upended and revolutionised by companies all over the world," Paddy Cosgrave said. "These are some of the things we'll be discussing at MoneyConf."
Paddy Cosgrave said the topic was one of the most popular within Web Summit itself, which led the firm to spin it into a stand-alone event in 2015. It has been held in Belfast and Madrid in the past, but Mr Cosgrave said that Dublin was now the right place for its next phase. "Dublin is a fantastic city, it's where we grew Web Summit and MoneyConf will be fantastic in Dublin," he said.
MoneyConf is expecting to attract 5,000 attendees. Mr Cosgrave said this puts it ahead of its big brother at a comparable time in its life. By the time Web Summit was leaving Dublin, however, it was attracting closer to 25,000 attendees - leading to problems in terms of its organisation. Correspondence between the company and the Government before the event's move to Lisbon revealed the organiser's concerns about traffic management, public transport, hotel prices and WiFi.
Mr Cosgrave did not say that those concerns have been allayed in the interim, though he felt that the city was well suited to host a smaller event like MoneyConf. "Smaller events are absolutely perfectly suited to Dublin and we're really looking forward to hosting it in Dublin," he said. He said he does see the potential for MoneyConf to grow beyond the Web Summit itself - given the scale of investment and interest in financial technology.
Despite that Mr Cosgrave said he would like to keep it in Dublin for as long as possible - if not forever - though he is taking things one year at a time for now. "I'd like to hope MoneyConf is here for the foreseeable future," he said. "I'm only focused on the event in June of this year in the RDS and hopefully we can figure out how to make it stay here forever. We're totally open-minded and hope that MoneyConf will stay here for many years," he added.
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