LITEX Global Conference successfully held in the city of Hangzhou on Sep 24.
On Sep 24, 2019, our team held a successful conference in the famous “Jiangnan 1535” as part of LITEX Global Conference. Its been a while since our last stop in Wuhan, and we have made great progress during this time. We made a strategic cooperation with MakerDAO, launched LXT Lock-up and mining events on Huobi pool and more! For the conference in Hangzhou, we shared our project with the local community and along with Imtoken, MakerDAO, BTM, and Everitoken offered the insight for “The Next Generation of Financial Infrastructure”.
The conference started with the share on the “LITEX: Creating the Next Generation Global Crypto-payment Network with Layer 2 Technology” by our team CEO Leo. He mentioned that the crypto-payment business’s growth will be greatly accelerated as more and more financial and/or IT giants enter the playground, and the market value will reach trillions in a few years and become the first commercial-grade applications from the blockchain technology. He also points out the current problem of the blockchain is the fact that the public chains are very ineffective in terms of processing speed and it’s not enough to support any commercial-grade payment applications. The layer 2 technology is created to solve this problem, building a second layer on top of the public chain and to carry the business values of the main chain.
After the sharing, Leo filled in the current progress of LITEX — first commercial-grade layer 2 payment product “LITEX Store” launched on Imtoken/Kcash/Cobo/Huobi Wallet and TP Wallet and is now supporting recharge function for phone bills and petrol bills with ETH/USDT/DAI/LXT. And then, Leo showcased the product’s flow, and the achievement, advantages of LITEX, and the roadmap on which the next generation of global payment network will be created upon.
The discussion followed after the sharing, “The Next Generation of Financial Infrastructure”. We are honored to invite Imtoken’s branding manager Gerry, MakerDAO’s Chinese market director Chao Pan, 8BTC’s blockchain researcher Qiushan Liu, everiToken CEO Brady, the discussion mainly focused on the following topics: 1. what are the equipment requirement/characteristics of the next generation financial infrastructure. 2. what kind of roles Public China/Layer 2/Wallet and stablecoin may play in it. 3. If the world is ready/need crypto-payment and the impact China’s Central Bank’s own cryptocurrency will have on the business. All the guesses made their own opinions on the said matters and the all agree that wallet will be the most essential portal for crypto-payment, and the stablecoins is the best payment medium for the matter. Aside from the payment related discussions, developing countries and economic entities will see a huge leap in the payment ecosystem.
The event ended with Laura showcased the real-world process of code-scanning payment using LITEX Pay, and a lot of audiences tried for themselves as well. Leo said after the conference, LITEX will keep pushing the commercial-grade application technology and we will keep holding our Global Conference around the world, the next stop will be Shanghai and we will release the details soon.
