White House to help grow Bitcoin Technology
The panel discussion during the White House event was moderated by Penny Pritzker, the Secretary of Commerce where the main focus was to identify ways for the government to ensure that the fintech sector, including the emerging digital currency technology-based companies and entrepreneurs working in these sectors, have the capacity and resources to build what is required to advance the industry. Others involved includes the Small Business Administration, Treasury Department, Urban Affairs, Justice and Opportunity, Council of Economic Advisors, US Agency for International Development and more. The Treasury Department, which plays an important role in the financial system of the United States, during a panel discussion touched upon the subject of innovations in financial services and how it can be used for the benefit of entrepreneurs, both present and future through marketplace lending, payment processing systems and more that can help cut short the circuitous way of accounting, inventory management, fraud protection and cyber security. The active involvement of White House marks the emergence of public-private partnerships to achieve broad systemic improvements in the fintech sector, while supporting a broad economic growth of the nation. It also reflects the sentiment shared by many governments across the world when it comes to blockchain and bitcoin technology, which are in fact the driving force of current fintech sector. If things go according to the plans, then we can expect the government to be not only more receptive to bitcoin and blockchain technology but also help them grow. http://www.newsbtc.com/2016/06/13/the-white-house-shows-interest-in-bitcoin-and-fintech-sector/