In his presentation, Mr. Krampas discussed the application of Artificial Intelligence (AI) in blockchains. He stated that this area is far from reaching its peak, with reference to the fact that some have promised that the value of AI projects will grow from USD 142 billion in 2022 to more than USD 420 billion in 2025.
The panel discussion (moderated by Greta Ranonytė, Head of the Fintech Hub LT Association; Dr. Darius Kulikauskas, a representative of the financial technology company Bankera; Rosvaldas Krušna, a representative of the Board of the Bank of Lithuania, and Vice-Minister of Finance Vaida Markevčienė), focused on the up-and-coming Markets in Crypto Assets Regulation (MiCAR). The audience had the opportunity to view the regulation and consider what it will mean for cryptocurrency businesses and consumers.
Jaro Šatkevič, a consultant in blockchain payment technology, put forth a solution combining cryptocurrency payments via the Bitcoin Lightning network and NFC technology. In his presentation he sought to prove that updates and new technological applications are possible with the cryptocurrency legacy that is Bitcoin.
During the Q&A session, investor Justas Pikelis shared his own experience in the domain of cryptocurrencies. Justas Pikelis identified patience and stubbornness as two critical qualities for success when investing in virtual currencies. „I have seen many investors and entrepreneurs who have been struck by 'clinical death' during a price downturn, but they managed to wait it out,“ commented Pikelis. The investor considered Dubai, where he currently resides, an excellent place to start a cryptocurrency business, due to its favourable regulatory environment. Justas Pikelis also recommended to young people not to start engaging in their own projects right away, but rather to gain experience working for others and save up initial capital, and only then embark on their own business ventures.
