CONFERENCE REVIEW: The 21st International Business Networking Event

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Just recently, Riga held the biggest networking event in the Baltics, the 21stInternational Business Networking Event. Organized by the IBNC (International Business and Networking Consortium) it gathered participants from more than 30 countries. The main theme for the speakers was “The Modern World”. Participants’ subjects were ranging from such humane topics like civilization and cancer to trendy ones like virtual reality and digitalization of governments.

The attendants were greeted with a song from one of the participants.

Digitalization

When speaking about a such topic as The Modern World, digitalization is the first thing that pops in our minds. Coincidentally, this theme was widely overlooked by the presenters. A representative from Indonesia, Mrs. Tanti Widyastuti, mentioned that Indonesia is pushing the digitalization of their governments and government related instances. However, the overall statistics, presented by the speaker, showed that Indonesia still has a long way to go. Such small European countries like Latvia and Estonia were ahead of Indonesia in terms of digital growth.

Mrs. Tanti Widyastuti with her presentation about Indonesia.

Moreover, Mr. Toufic Kawar touched the subject of communication in the digital world. He highlighted that never in the human history we have been more closer to each other, but at the same time, we have never been more lonely than we are now. We no longer speak to each other, we text or chat. He stressed it as a generally significant problem that needs solving.

Mr. Toufic Kawar with his presentation about the benefits and possible losses of contemporary civilization.

Interestingly enough, nobody spoke about money in terms of digitalization. Our payment methods are changing and most of the cryptocurrency enthusiasts anticipate a change in our monetary system.

Money, money, money…

However, there were a couple of guys, Mr. Arturs Boss and Mr. Kristaps Strelis from Amber Capital Holdings, who talked about the money topic, but in a different way. They presented their new payment Service, Willow&Birch, which would differ from the conventional banking that we know today. Arturs and Kristaps spoke about the problems that the conventional banking faces today and the ways how they offer to change that.

Mr. Arturs Boss and Mr. Kristaps Strelis from Amber Capital Holding and their Vietnamese associate Ms. Chi Bui preparing for their presentation.

Both guys stressed that nowadays niche market customers are not welcome to open a bank account. Banks today have lost their touch in terms of philosophy and communication with the customer. Willow&Birch will offer a completely new way how a bank will communicate with its customers. They will put customer as the number one priority and promises to look into every case individually. A different approach into KYC applications. Both guys highlighted that nowadays operating with conventional banks might seem very distant and people simply haven’t got an option to talk to somebody in person. With all the chat-bots and automatic algorithmic replies, banks have lost the personal touch with their clients. And that is what Willow&Birch is offering – a different approach in customer service.

However, their PSP license in Lithuania is still pending.

Technology

Along with digitalization and money comes another very important aspect – technology. It is constantly evolving and being developed. Of course “The Modern World” featured topics related to this phenomena. A representative from Bite Latvia, Mr. Gatis Ruluks, shared their company’s views on the development of telecommunication. Bite Latvia is the fastest growing mobile operator in Latvia and it provides innovative mobile services to their customers. Gatis talked about the advantages that a private branch exchange (PBX) can offer to companies. An interesting fact that he shared was that U.K. companies loose around 30 billion pounds each year from unanswered telephone calls.

Mr. Gatis Ruluks from Bite Latvia.

Another interesting concept came from the CTO and co-founder of Exonicus Inc, Anatomy Next, Mr. Janis Kondrats. They have figured out a way how to link virtual reality with healthcare. Exonicus have developed a tool for medical students, a virtual reality emergency medicine training simulator – Trauma Simulator. With this device, medical students in various environments can practice before becoming an expert. Students are put in critical emergency environments that allows them to develop their skills with real/virtual tools. Also, they have a partnership with the U.S. Army Medical Research team which means that they are offering their services to military instances as well.

Mr. Janis Kondrats from Anatomy Next presenting Virtual Reality medicine training simulator.
Mr. Janis Kondrats showing off old techniques of medical training.

The shape of the Modern World

The extensiveness of the term – Modern World, gathered a wide range of different topics. The Modern World speaks about globalization, growth, economy, technology, banking, but all these areas of expertise have one thing in common. Interaction. How we interact with banks, with technology, medicine and more importantly – with each other. It sure seems like the future, where we live now, brings so many advantages, but fails in certain very important areas like communication. This statement should be wrong in so many ways since we have Facebook, WhatsApp and every other social platform which actually brings the whole world together, but at the same time distances us. The Modern World is all about bringing back the communication that we had before we had all these new social, digital features.

Mr. Samson Ajikobi and Mr. Maris Luks from Amber Life Clinic with their presentation about cancer, how they treat it.
Mr. Clevas Tuscano with a presentation about Estonia’s success story – e-Residency. How Estonia is the best place for new Start-ups. In the slide you can see some of the most popular start-ups that come from Estonia.
Mr. Karlis Jonass with his presentation about how important is UX design in the digital age.

Overall, this was a very comprehensive event, it overlooked many important social topics and ideas. As always, since it is a networking event, not a conference, the time for communicating, or networking with others, was significantly longer than you see in similar events. The combined time that was reserved for getting to know various business environments was around two and a half hours.

Topic – cryptocurrency

It seems like this event is slowly forming its way to do a cryptocurrency related event some time in the future. Although nobody mentioned cryptocurrencies this year, it sure feels like some time in the future it will be one of the core elements of this event. To be honest, the development of cryptocurrencies is the key factor when it could get widely covered in this event. At the moment, the popularity of cryptocurrency related areas are very small in the region of Eastern Europe. I believe that is the main factor why businesses come to Latvia to talk about more general topics. Once cryptocurrencies are more widely accepted in business environments around European or Asian governments, I believe the IBNC (International Business and Networking Consortium) will integrate it as one of the core topics of their events.

Of course, as a cryptocurrency news outlet, we wanted to hear more about what cryptocurrencies can bring to the concept of modern world. Since cryptocurrency threatens our current monetary system and offers so many advantages in almost any business area, we believe that the topics covered ties together with the growth of crypto and blockchain in general. It is only a matter of time.

The Global World

Additionally, at the end of the event, they presented the next theme for the forthcoming 22ndInternational Business and Networking event which will take place on 18thof October, 2019. Next time the participants will be covering topics revolving around the concept of “The Global World”. This sounds like a more general topic and can contain almost anything. I believe the emphasis will be put on topics regards globalization and the environment. Also, human interaction with technology and how it will evolve in the near future. It could overlook basic universal income and a borderless society principles, but this is just a guess.

If you want to reserve a ticket for the next event, head over to this address (https://sfk.lv/index.php/en/apply) and get yours for only 140 Euros. That way you will support the organizers and help them in making the largest networking event in Eastern Europe. 

If you want to read about the topics that were covered in the previous event, click HERE.

Best Coin Investments are proud to be a part of this event and thankful for the opportunity to attend it. Talivaldis Kreislers and Mara Kreislere are doing a great job in bringing such events to Latvia for more than 10 years. Best of luck to them!

Also, we managed to interview Kristaps Strelis about their new payment and bank service – Willow&Birch. We asked him about how would they differ from a conventional bank and what was his opinion on cryptocurrencies and bitcoin. We will publish the interview soon!

All photos by SFK.lv

21st International Business Networking Event – The Modern World

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In less than a week, Riga will host one of the biggest networking events in Latvia – the 21stInternational Business Networking Event. These events happen twice a year, and this time the main theme for the event is “The Modern World”. It gathers industry professionals, company owners, managers, investors, experts and even members of the Latvian and European parliament. Best Coin Investments are proud and thankful to be one of the main media partners for this event.

The Modern World

The event will take place on 22ndof March, and if you visited the previous one, the location stays the same – Citadele conference center. For Best Coin Investments this seems like a very intriguing theme, as cryptocurrencies are thought to be one of the core elements of the future, hence the modern world. Since the future is now, and many say that we are living it, this event will highlight the direction we are heading towards and more importantly show-off success of various industries in the 21stcentury. And what better way how to address this than a business networking event.

Speakers

The presentation panel will be opened by the Speaker of the Parliament of the Republic of Latvia, Inara Murniece. Also, speakers from all around the world will deliver many interesting subjects that will flock your mind. From communications and new technologies to customer service, from virtual reality to money. From medicine to performance arts. Topics covering specific country experiences like Indonesian development of technologies, and the success of Estonian startup ecosystem. In short – there will be topics for everyone.

Of course, we are most eager to hear Mr. Arturs Boss and Kristaps Strelis’ presentation, because they are going to cover a 20 minute long speech titled “Money, money, money… Faster, better, individual approach to conventional banking in 21stcentury”. We hope that this presentation will feature topics around cryptocurrencies or at least the use of blockchain. As mentioned in the title, they will cover the conventional banking system, but as many of us knows, JP Morgan Chase, is about to release their own stable coin – JPM Coin. 

Moreover, another interesting speech should be about the famous Estonian start-up ecosystem, which has attracted many young entrepreneurs and helped them to achieve their goals and visions. Taxify being one of the most popular ones.

“You don’t need to move to Silicon Valley to compete with huge global giants and build a transportation platform that’s used by tens of millions of people across the world. We’ve done it from Estonia,” says the owners of Taxify.

For a more detailed schedule of the event, go to their website.

Tickets and Organizers

Also, you can still purchase tickets which price is very appealing, if compared to the traditional crypto-conference cost. Only 200 Euros, and you will have the opportunity to meet industry professionals from all around the world.

In addition, these events are usually very well organized. You will not have to worry about coffee or snacks, because everything will be provided. A nice lunch for every kind of taste, coffee breaks long enough, specifically meant for networking, and a really nice after-party with drinks and meals on a cute ship right next to the conference location. All that for 200 Euros – we believe that it’s more than worth it.

The organizers Talivaldis Kreislers and Mara Kreislere from IBNC (International Business and Networking Consortium) have been organizing these events for more than 10 years and we can reassure that these people have mastered the art of organizing a networking event. You will feel nurtured, and everything will be provided for you to qualitatively take on information.

“IBC forums are useful for business development, promotion of export and sales in general. Through business contacts made in our forums, hundreds of companies have found new customers, business partners, and investors”.

Talivaldis Kreislers, the lead organiser.

The previous event

Best Coin Investments also attended and covered the previous event. It happened just a few months ago, in October 2018. Back then the main theme for this business networking event was new challenges and opportunities in Asia. Many company owners shared their experience of working in abroad areas like Indonesia, India, Uzbekistan, Vietnam, and China. They told about the unique possibilities that these countries offer to the Baltic States and how this cooperation can benefit them.

Of course, we went there to find out the current state of cryptocurrency adoption within these many foreign countries. Most of the entrepreneurs and government officials we met, were aware of cryptocurrencies and blockchain technology. They knew what this technology can offer, however, all as one shared the same opinion – cryptocurrencies must be properly regulated. To read more about the last event and what many industry professionals had to say about cryptocurrencies, read our article.

Useful links:

Contacts and tickets
(To purchase tickets, press “I’m attending” and fill out the form)

The schedule of the event

Our article about the last event

Interview with one of the organizers, Talivaldis Kreislers

Photo by sfk.lv

The city of Calgary starts accepting crypto! Future incoming!

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Last Friday, December 7, a city in Canada – Calgary officially unveiled The Calgary Digital Dollar. Presented by Joe Ceci, the Finance minister of Alberta, and now Calgary is the first city in Canada with their own cryptocurrency. 

Meant to help and promote local businesses

The Calgary Dollars are meant to be a part of a new effort to help, promote and build better relationships with small businesses and non-profit organizations in Calgary. Shops and restaurants can list themselves within a smartphone application. That way they are participating in the program. Companies can choose the amount of Calgary Dollars they are willing to receive for their services. It can vary from 10-100% of the cost, which is a very cool feature. Also, there are multiple benefits for small businesses that participate in the program. For example, business owners can pay half of their business license in Calgary with Calgary Digital Dollars. “Every dollar spent locally goes a lot farther in our community than spending it at businesses, sending it outside,” said Solita Work, the owner of Reworks, a shop which specializes in one-of-a-kind objects made from all kinds of stuff.

More educated users

One of the benefits of such a program is that people are educating themselves by using this app and currency. It powers the local business ecosystem, and people are learning how cryptocurrencies work at the same time. “Every dollar spent locally goes a lot farther in our community than spending it at businesses, sending it outside,” commented Solita.

Also, people can donate the Calgary Dollar to many non-profit groups such as the Calgary Housing Company, the Sharp Foundation, Norfolk Housing, Inn from the Cold, and CUPS. What is interesting – you can also buy Calgary transit tickets with the cryptocurrency.

The world is slowly conceding

Today it feels like every day comes with a new country law which allows people to operate even more with cryptocurrencies. This news is particularly useful, as people will start learning and most importantly – using the new phenomena of blockchain and cryptocurrencies. Could this be the future of crypto? Every city having their own domestic token or coin with which the residents can operate. Consequently, there should be a global currency as well.

Moreover, this is where Bitcoin comes in. Bitcoin and its off-chain solutions. A future where your money doesn’t lose value after a year or two. A future of transparent transactions and accounted cash flows. How cool would be that?

Source:

https://goo.gl/SrzUXy
https://goo.gl/34SFPj

Bitcoin is a legitimate form of currency – Ohio accepts crypto as a tax payment.

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November 25, the state of Ohio starts accepting Bitcoin as a tax payment. Originally it applies only to businesses willing to pay their taxes with Bitcoin, but eventually, this will be introduced to the broader society like individual taxpayers as well. 

Starts already this week

As of now, businesses based in Ohio can start the registration to begin paying taxes with Bitcoin, the leading asset of cryptocurrencies. Crypto payments service provider BitPay will process these payments. BitPay has been operating in the Bitcoin payment area since 2011, and they already are cooperating with major players like Microsoft, Virgin, Shopify and possibly BMW.

Initiated by a pro-crypto state treasurer

The regulation initially came from Josh Mandel, who is a pro-crypto American Republican politician. He is a former city councilman and a member of the Ohio House of Representatives. He is confident that this move will continue to develop among other states, leading to a wider cryptocurrency adoption. Mandel stands optimistic on the issue of a national cryptocurrency.

Other states also apply for cryptocurrency adoption

Additionally, other states in the U.S. also have proposed on accepting cryptocurrencies for tax payments, but state legislators have delayed their final passing. Maybe the state of Georgia – the home of BitPay, will be the next one? 

Source:

https://goo.gl/yd8BH9
https://bitpay.com
https://goo.gl/Ti8tzD
https://goo.gl/iya4ch

Photo by Benjamin Lehman from Pexels

Opening a bank account in Belarus for a legal person

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Belarus is known as one of the friendliest crypto countries in the world. Residents of Belarus can freely operate with cryptocurrencies. They can buy, sell and exchange currencies with no additional fees or monitoring. 

During March 2018, The President of Belarus, Alexander Lukashenko, issued a document called “Order Nr.8, The development of the digital economy”. The document went live on March 28. It anticipated the development of “Hi-Tech Park” which will be the base for Belarus digital economy.

Since then, many Tech and Crypto enthusiasts anticipated that this is a turning point for Belarus to become a cryptocurrency and blockchain capital of Europe. They thought that this order would attract many new cryptocurrency companies, hundreds of blockchain developers and investments worth millions of dollars.

The harsh reality after the order nr.8

However, in reality, during the first four months, only two mining companies got official licenses with one of them being a cloud mining company.

Our friends at Kripto.Media got in touch with Valery Yevdoshenko while visiting Belarus. Valeriy is the director of a mining company called Cryptocode. He expressed concern as their company’s applications hadn’t yet been confirmed after three months of reviewing. He said that “..practically all legal mining in Belarus has stopped for legal persons,” quoting Kripto.Media.

In general, Belarus opened the cryptocurrency world to its residents, but not companies that are willing to work within their country. It looked like plans to make Belarus a similar state to Malta had failed because of the lack of legislation. A regular resident could use and operate with cryptocurrencies with ease, but if he decided to open up an exchange or a blockchain company, he faced problems with the inadequate legislation.

Bank account

It looks like Belarus has worked on the legislation on cryptocurrency and blockchain companies, and with the help of Kripto.Media, we can share insights on how to open up a bank account for a company in Belarus. In this specific example, Kripto.Media visited BSB Bank of Belarus in Minsk.

First, to become a legal person in Belarus, you have to show the following documents:

1. The copy of the company’s statutes in which the legal person is doing business.

2. The copy of the company’s registration papers.

3. For individuals who are operating in the name of the company also have to hand in:

3.1. Proof of approval that he is authorized to represent the company when engaging to a bank (the company’s protocols or decisions about taking a position, the contract of employment).

3.2. Passport copy and a declaration of residence place certificate.

3.3. A copy of the power of attorney document, which points out that the individual can perform activities with the company’s bank account (open up, make payments and also close it).

4. The company’s stamp

The process

A legal person has to submit answers to various questions and has to form an application for opening a bank account on location in Belarus. Also, the samples of signatures have to be submitted for review, but if the company has multiple individuals with signature rights, then notarized samples need to be provided. The text needs to be translated and approved by Apostille.

Also, various questionnaires need to be filled out. It is advised to answer honestly to all the questions since nowadays information can be easily verified.

At first, these documents need to be submitted electronically. You can visit the bank in person after three working days when the answer will be sent.

There is one, generally odd peculiarity. New foreign customers, for the first two to three months, will have to operate their bank account transactions within the physical bank, in Minsk, Belarus. That looks awful a lot like the 90’ties. Only after the period as mentioned above the bank will grant access to the i-bank. However, there is a positive aspect of this as well – the Belarusian banks generally approve their services to foreign companies which are related to cryptocurrencies. Also, an important fact is that individuals who travel by air and stays only for 30 days, don’t need a visa for traveling to Belarus.

We very much thank our partners – Kripto.Media, for testing foreign grounds on cryptocurrency operations. This information helps us to spread the knowledge to other crypto-related companies or individuals who now are struggling with legislation of their business. 

Source:

https://goo.gl/jeK352
https://goo.gl/E3fkri
https://goo.gl/BoVHhL

Additional materials (in Russian):

BSB Bank website: https://www.bsb.by/en/

Photo by rawpixel.com from Pexels

“This is not a conference, this is a networking event” – The 20th Riga international business and networking event.

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Last week, during October 19-20, the 20th international business and networking event took place in Riga, Latvia. The theme for this event was Asia – The New Challenges and Opportunities.

Fantastic weather blessed the organizers which rejoiced the attendees on the 3rd floor of Citadele conference hall with the most spectacular view on the Riga harbor, which was next to where the event took place.

The event started as everyone was offered a welcome coffee and snacks so that the networking could kick off. Best Coin Investments also attended it even though looking at the agenda it seemed that it had nothing to do with cryptocurrencies. This event was specifically for business and investment opportunities in Asia. We saw a chance to find out the position on what the entrepreneurs and government officials, who attended the event, had to say about cryptocurrencies and blockchain in general. We wanted to know if the business, investment, and innovation side of the Asian market was aware of the technology. Whether they had researched it, how far the governments are in regulating it, and what they have to say about it in general.

During the morning coffee break we bumped into Raitis Kaucis, the founder of Gagapay and Dexopay platforms. It was delightful to see familiar faces in an event where we didn’t expect it. We immediately asked what were his expectations on the event and basically what brings him here. He replied that his company Gagapay was the general sponsor of the previous event and since both of the platforms are soon to be launched Raitis was looking for new partners. Raitis said that he comes to these events to meet new business partners, friends, and network with people alike. This event was no exception, “especially because this event mainly focuses on business in Asia. And Asia is the main audience for our businesses,” he told us during our short chat and got back to his conversations.

When everyone had finished their morning coffee and snacks, the attendees were greeted in a large conference hall by the event moderator Mr. Glen Grant. Glen shared a few charming words to the organizers Talivaldis Kreislers and Mara Kreislere, saying that he has been a part of almost all the 20 events they’ve had so far and that he is amazed by the ambitiousness and daringness these two organizers have. After Glen’s speech, a demonstration of an Indian dance took place. Indian music, drums, and dances led by Indian representatives lightened up the situation and everyone loosened up a little bit before the tight schedule. Every presenter had 20 minutes reserved for their speech plus questions.

This dance was an introduction to the next speaker – Mr. Jagat Shah. Jagat is the Global Network representative from India, and he shared basic statistics about the Indian market in general. He shared some of the ongoing works that India is working on at the moment and simple ethics on how to behave if doing business in India. For example, an exciting fun fact was that if an Indian business partner invites you to dinner at his home – you must accept it. Otherwise, it is considered rude, and no one will be interested in doing business with you afterward. That is because 70% of the Indian companies are family orientated, and the dinner table is where all the business conversations happen. A few compelling statistics that Mr. Jagat shared: India has 400 million active smartphones while the general population is 500 million, they are adding 100 kilometers of new roads to their transport system, and that India is the fastest growing economy in the world. If you have a business and you are willing to expand to India – this is the right time.

We couldn’t stand still after such groundbreaking information and decided to interview Mr. Jagat about India’s current position on cryptocurrencies. Jagat told that the Central Bank of India had found a very high level 5 member committee that is looking at ways how to legalize cryptocurrencies into the mainstream banking system an in the central financing system of India. He shared that many companies in India are coming out with ICOs which is not yet legal in India, but he added that cryptocurrencies as a whole are working in different aspects of use, for example, there are coffee shops that accept cryptocurrencies as a payment. When asked how the government refers to companies which are willing to operate in the cryptocurrency field, he said: “The Government is neither motivating them nor discouraging.” The Indian government comprehends that cryptocurrencies are a new, different niche and that it needs to be investigated further for legalizing them as a new asset class, and that there is no need to despise them. He expressed that all the governments should come together on discussing cryptocurrencies because they “can be good for doing business,” he continued “governments should come forward, and it will happen because blockchain technology can be used in almost all of the sectors. It is a question of time. And at the same time it’s going to hit all the current financial structures, so in India, the banks are looking on how to become a part of this system.”

The next presentation was about the economic development in Shenzhen, China and how Europe can look up to it as a great investment opportunity. It was led by Mr. Qiang Lan, a member of the Shenzhen Qiqiaoland Group. He shared fascinating statistics about Shenzhen, for example, Shenzhen only exists for 38 years, and it almost looks like Hong Kong. That is because Shenzhen was one of the fastest growing cities in the world during 1990-2000s. They have a very vibrant economy and foreign investments policy. The city is a leading global technology hub and its dubbed that the population is about 20 million people. He shared that Shenzhen is the home of many global companies like Huawei, Tencent, Shenzhen stock exchange and many more. An interesting fact – Huawei CEO holds 1% of the companies shares, while the rest 99% divides between his employees. He touched Chinas leading mobile app WeChat, shared on how companies can operate within it, and approved that it is the leading social networking app in China along with the biggest search engine in China – Baidu. His central theme of the presentation was investment opportunities in Shenzhen, China.

As it is a global leading tech hub, it is open to cryptocurrencies and blockchain technology, and it is the home for a lot of crypto-related companies and exchanges.

Next came Ms. Sri Kumala Chandra, a member of the European – Indonesian Business Network. Ms. Sri Kumala had a similar theme for her presentation – investment and business opportunities in Indonesia and how the country has developed so far. She said that people in Indonesia mostly use smartphones, not laptops and that about 356 million smartphones are being used daily in Indonesia. The country is actively working on their healthcare development as still most of the citizens use traditional medicine and despises modern healthcare opportunities.

She touched some of the country’s developing economic sectors and welcomed everyone to either visit the beautiful place or bring their business to it.

When asked about Indonesia and its relations with cryptocurrencies, first of all, she said that she is not the expert of this issue, but she shared that the government has made many restrictions regards cryptos last year and that a lot of residents look at the asset class as very risky to invest. However, at the same time “there are many companies in the technology field that are currently investing in cryptocurrencies” and looks at the market as it “will be booming and growing again for sure.” When speaking about whether the Indonesian government could be implementing blockchain within their governing instances, she said that “I don’t think so, not for now.” The government “is in a position where our economy today is down compared to Euro. That is the focus of the government, firstly to fix the currency with the Euro and the USD. And since the elections are near, we (the government) are not willing to take any risks regards this subject. The position should be more clear when we have a new president,” she stated in the interview.

Then came two presentations about new investment opportunities in the Republic of Uzbekistan and a story by Andris Lubins on how he conquered the Indian market with his granule company Grandeg from Latvia.

Next, it was time for networking and lunch. The organizers had allocated a full hour and a half so that all the attendees could use this time to talk to each other and make new contacts.

We used this time to talk to one of the general sponsors for this event, a company called Cash Back and its ambassador Andris Jansons. It is a reward system that allows users to benefit from their everyday purchases. We had heard rumors that they are willing to implement cryptocurrencies and that they are working on a project which is a plan on making their cryptocurrency and making it usable in their native platform. We asked Andris whether these rumors were true and how are they planning to do that. How far the whole process is, and when we could expect the new cryptocurrency to appear. He confirmed these rumors and stated that “yes, we will have our crypto coin and it is being developed at the moment,” adding that “it should be available for use in June 2019.” Andris shared that their company already has what others don’t – active customers and a working platform all around the world. They have a total of around 450,000 places in 47 countries where the cash back solution is accepted and that their user base is approximately 10 million. So these are the facts that stand their company aside from others. He said that “we can shake this whole thing in a day because of what we have accomplished until now.” When asked on how the platform could operate when integrating their own cryptocurrency, he said “when we launch our native coin, we will fix its rate, so that it could be usable. Otherwise, it becomes a form of speculation, and we don’t want that. The first 4-5 years the coin will have a fixed price.” The company has partners all around the world with the largest and most successful being the sports industry where they are partnering with MotoGP and Formula 1 events. “Crypto is the future,” he said at the end of the interview “there will be plenty of different coins, and the ecosystem will stay as it is today, we won’t settle for just one.”

The concept of his company is fascinating and customer-minded. This niche – everyday commodities, is the largest business in the world and maybe it could be a significant cornerstone in the future of cryptocurrency acceptance.

When everyone had finished their lunch, which by the way was excellent and in various types for every kind of food lover, the event continued its pace, and the next presenters kicked it off with their presentations.

As the first presenter after the long networking break came Mr. Peter Sachsenmeier from the International Innovation Centre in Germany. Peter shared some of his thoughts on how the digitalization could help in building an economic bridge between the Baltic states and China. He also touched the subject of Industry 4.0, which is the current trend of automation and data exchange in manufacturing technologies, also called the fourth industrial revolution. He expressed his belief that a significant component of the next industrial revolution (Industry 5.0) will be synthetic biology.

Next came two handsome and witty guys – Arturs Boss and Kristaps Strelis, the owners of an investments company called Amber Capital Holdings. Their current collaboration country is Vietnam, so they shared some of the experiences what they had and told the vital basic facts that an entrepreneur should keep in mind when doing business with Vietnamese. They mentioned that the Vietnamese real-estate market is booming at the moment and that it is one of the best and, at the same time, most risky investment opportunities because a lot of the locals are scamming foreign investors. That is why a foreign investor should get some native partnerships before coming to Vietnam.

When asked if they are considering cryptocurrencies as investment opportunities, to which they replied that at the moment they are staying away from this asset class because the market is so volatile. They have considered it, but for now, the real estate market is more appealing to them.

During the next presentation by Mr. Ahmed Salem, he mentioned a few interesting facts about the Asian business market. 60% of the GDP comes from Family Businesses (FB), and that only 4% of FB goes worldwide, that is staying in their country of residence. Further on, he elaborated on the five different stages of the Family Business leader characteristics.

After Ahmed came Antti Veranen, who went in deep on the subject of dividing distinct cultures into three groups – Linear actives; Multi-cyclical and Reactive cultures.

After all the presentations finished, there was a general sponsor goods lottery, where all the attendants were participating. Then the moderator Glen Grant invited everyone to the next forum, which will happen in 22nd of March next year. The main theme for the next event is “The Modern World.”

This event was very well organized, hence the 10-year experience in making such forums. The organizers Talivaldis and Mara strictly insisted that “this is not a conference, this is a networking event.” The overall crypto feel in the event was pretty narrow. Not a single mention of neither the possible world financial system changing phenomenon nor the technology backing it in any of the presentations. Peter Sachsenmeier touched a topic on digitalization and Internet-of-Things, but that is about it. However, it is understandable. This event was strictly explaining to the attendees how the Asian market is looking at the moment, whether it has investment opportunities or not, how to do business in certain countries and how to behave when connecting with your business partners abroad. All this is very useful to the companies that are willing to expand their area of expertise.

When speaking about cryptocurrencies and the information we got out of the contestants – it is looking pretty bright in the sense of acceptance. We were surprised that so many cryptocurrency industry professionals were on the spot. And we found out that the majority of the entrepreneurs, government officials, and other attendants were aware of the technology that blockchain can provide and the fact that cryptocurrencies can change the financial system. We got to know that India has formed a five-member committee on cryptocurrency research and that Indonesia will have a more unobstructed view after their Presidential elections.

We also met a lot of people that work around cryptocurrencies. We met the director of Panda Design, a successful cryptocurrency marketing agency, which soon will be available for crypto companies that are willing to plan their advertising options. We also met an artist, Ilze Preisa, who gets her inspiration through popular global trends, including cryptocurrencies. She auctions her paintings for purchase, including with cryptocurrencies.

Most of the people we talked to, during these days, were fully aware of the crypto phenomenon, about where this technology and revolution might take us, and all as one expressed the need for the industry to be finally regulated so that the businesses can start fully operating. However, when asked about whether they see it as an investment opportunity, pretty much all of them replied negatively, because of the volatility of the market.

We at Best Coin Investments took the most out of this event, and we are super grateful to be given the opportunity to be a Media Partner of this event. We are looking forward to the next event, as the main theme “The Modern World” sounds very intriguing and might definitely bring topics much closer to the cryptocurrency ecosystem.

All photos by SFK.lv and BestCoinIvestments

The International Business Networking Event in Riga!

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Today we are attending a business networking event organized by International Business Networking Consortium, in Riga, Latvia. This is their 20thevent they’re covering, so we are expecting planning at its finest and a thoughtful atmosphere for all the participants. 

The event will consist of high rank representatives and entrepreneurs presenting their speeches, so we are going to do a little breakdown of the agenda.

The opening of the Forum will begin at 11AM when the speaker of the Parliament of the Republic of Latvia will address the attendees with a greeting speech.

Next, Mr. Jagat Shah from India will take the stage and speak about the opportunities of trade and investments with Latvia.

Mr. Qiang Lan, the Shenzhen CEEEC and representative of Qiqiaoland Group from China will speak afterwords with his presentation on the acclaimed China’s fourth industrial revolution and what could the European Union be expecting in terms of economic development.

How to do business with Indonesia will be the theme of the next presentation by Ms. Sri Kumala Chandra, a representative of the EU – Indonesia Business Network.

A presentation from H.E. Mr. Badriddin Abidov, an Ambassador from the Embassy of the Republic of Uzbekistan will take the stage next, speaking about the improvement of the national business and investment environment, and how they could bring new opportunities.

And just before the lunchtime, Mr. Andris Lubins will share his experience in conquering the Indian market. The upsides and downsides and what lessons he had learned from this opportunity.

Since this is a networking event, the time reserved for the actual networking is pretty long – 1,5 hours have been put in-between the presentations so that all the attendees can properly make new contacts and share their ideas.

After the lunch break, the first presentation will be about the bridge from China to Baltics and why businesses should explore smart specialization options through innovation, by Mr. Peter Sachsenmeier who is from the International Innovation Center in Germany and China.

After him, Ms. Lauma Edelmane, from Lenaris Translations, China, will share her ideas on how to do business in China. The ten steps towards success.

Another opportunity to hear a great experience story from Mr. Arturs Boss and Mr. Kristaps Strelis from Amber capital Holdings. They will share the goings with their business in Kazakhstan, and how they are preparing for their upcoming business trip to Vietnam.

Presentation about a family business in the middle east will be covered by Mr. Mohamad Almasri, Ismail Abudawood and Mr. Ahmed Salem from Abudawood Group in Saudi Arabia.

Then Mrs. Monika Kapil Mohta, the Ambassador of India for Sweden and Latvia will address a special speech to all the attendees in the event.

And the last presentation of today will be held by Mr. Antti Veranen, from Advenced Business Management Ltd. from China and Finland. He is going to end the day with an interesting speech about the three cultural groups in the world and how they are divided. He will state that it is easier to read into these groups that commonly thought, so he is going to break these stereotypes.

And with Antti’s speech the presentation panel will be over, and everyone will be invited to the afterparty which will take place on a ship! The ship will be located near the conference, in the river Daugava where all the participants will have a much more private atmosphere for networking, chatting and partying.

On the next day, in a different location – The Big Hall of Riga Technical University – the final event of the conference will take place. It will be a celebration of 150 years of Mahatma Gandhi ji, the Father of Nation of India. The event will be hosted by the Ambassador of India to Sweden and Latvia, Mrs Monika Kapil Mohta and it will consist of a few lectures, cultural programs, B2B events and of course the finest Indian delicatessen.

Let’s attend this event together and experience the best business networking event this year! Just imagine what information you could be learning and what great contacts you could be making, if you were part of this conference?

The 20th International Business Networking event in Riga, Latvia.

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As we all know, business conferences are the key thing in making your business visible to others, making new partnerships and connections to similar business owners and to learn new things about the extensive business environment. 

What this event will offer?

Riga, with the help of IBNC (International Business Networking Consortium), this year, October 19th – 20th, is inviting all the business owners around the world to their 20th business conference to focus on Asian businesses hence, the main theme of the event is called: “Asian Business: The new challenges and opportunities”. 
It is a two-day conference and it will feature a wide range of Asian country officials with speeches about the upcoming stages of their domestic economic environments and how European countries, especially the Baltics, could use it for their benefit. For example, H.E. Mr. Badriddin Abidov Narutdinovich, Ambassador Extraordinary and Plenipotentiary, Embassy of the Republic of Uzbekistan, will speak about the opportunities that the improvement of the national business and investment environment in Uzbekistan can provide. Mr. Peter Sachsenmeier from the International Innovation center in Germany and China will speak about the bridge between the Baltics and China, how the Baltic countries could be improving their fields of operation by exploring smart Specialization through innovation. Also, a few Latvian entrepreneurs will share their experience of doing business in Asian countries, specifically China and Vietnam. 

Why are we attending?

Since Best Coin Investments is a cryptocurrency and blockchain news portal focused on the news for investors and traders, we felt the need to cover this event, because it will include very essential topics in the business and investment environment. Ambassadors and Investment coordinators, innovation leaders and large company shareholders will get together and speak about the opportunities and innovations in the investment world. Since cryptocurrencies today are becoming very popular, the markets are stabilizing, and many countries will soon develop legit plans on how to regulate them worldwide, we expect that cryptocurrencies and blockchain could be taken into consideration as a new form of investment or at least – innovation. Many countries today are considering the blockchain use for governmental institutions and a lot of entrepreneurs are getting into the blockchain craze, building their companies and products on blockchain, discovering new horizons and areas where this technology could be implemented for evolvement. 

Considering the fact that this is the 20th conference that the IBNC is organizing, we couldn’t stay still and wanted to ask a few questions about their motivation on doing such events and their take on cryptocurrencies and whether they could be mentioned in the conference to one of the organizers Talivaldis Kreislers:

B: What motivates you to organize these conferences and how long have you been doing this?

T: As the explanatory dictionary defines – a conference is a gathering or meeting in which representatives of different professions, public servants, scientists, etc. discuss and resolve certain issues.
We do not do conferences. The only connection with the expression “conference” is just the fact that the major events of the IBC are held at the Citadele Conference Center.
We organize international business contact forums – business events involving 300 participants from 30 countries: company executives and owners, business development, marketing, export promotion and sales managers, investors and their representatives, industry experts, leading ministries, European and national Parliamentarians, heads of local governments and deputies, ambassadors from many countries and high-ranking diplomats and intellectuals.
The significance of the forum is valuable business experiences, new business ideas, and new international business contacts as well as investors.
IBC forums are useful for business development, promotion of export and sales in general. Through business contacts made in our forums, hundreds of companies have found new customers, business partners, and investors.
The IBC forum is held twice a year, and on October 19th, the 20th International Business Contact Forum will be held in Riga, dedicated to the new business challenges and opportunities of Asia.
In the above survey, you can see how many different business development opportunities are provided by the IBC forums. This is the reason why they are so popular and well visited. In addition, the IBC forums are cohesive, friendly and, to some extent, educational and entertaining events.
The time spent on the forum is valuable and also very enjoyable. IFF forums are The forums of opportunity. We receive a great deal of positive feedback, including members of national governments, embassies, and mayors.
All this makes us very satisfied and motivated for more than 10 years to go on with even greater enthusiasm, fervor, and self-efficacy, involving more and more new countries all over the world.

B: How do you look at the current crypto-revolution? Do you support this technology?

T: Nothing stands still in this world, everything evolves or revolves around the evolution of civilization. We only support what is needed in the world for its humanity and progress, and also for peace.
According to Oliver Bramwell, Chairman of the Norvik Bank Board, we are currently on the verge of a change where a centralized payment management model (cash flow, control, etc.) transforms into a decentralized relationship type model implemented by the society itself. With the needs and expectations of a man in the center, and the technological opportunities surrounding him.

B: Will the forum mention cryptocurrencies or blockchains, given that Japan’s economic development and the Singapore business environment will be discussed?

T: Yes, for certain, we will ask the presenters to touch upon this issue and briefly tell the participants about the development trends and forecasts in their respective countries. 
It is crucial for the business world to find out first hand and from the initial sources all the new possibilities for business efficiency. It’s very likely that we will even have a special presentation for this topic in the October forum. We are always open for cooperation with members of the cryptocurrency and blocking worlds.

B: What has been the response of previous events about cryptocurrency and blockchain, given that one of your main sponsors is the emerging cryptocurrency payment platform, Gagapay.com?

T: We are very pleased with this partnership and appreciate a lot the work of the team in Gagapay. Many members of the IBC Forum have preliminarily evaluated the benefits of new technologies. It is well known that they provide very efficient and inexpensive financial transactions, simplify user identification, prompt distribution of the database to other participants, track inventory, reduce cyber-attacks, reduce manual processing and paperwork, reduce risk of “internal” fraud, corruption and mitigation, as well as ease of access for the people involved and simplify control of their data. They tell us: “It is unbelievable. This is our future”.

B: Can we expect a cryptocurrency conference hosted by you in Riga in near future?

T: Yes, if we manage to attract appropriate supporters or a major advertiser, we would be happy to arrange a “cryptorium” in spring 2019 in Riga, with trade representatives from 50 countries. The issue will be resolved this summer.

Conclusion

Talivaldis emphasized the fact that this is not a conference, but a specific networking event. It is great to hear such good feedback and open-mindedness on cryptocurrencies and blockchain technology as a whole from a very experienced entrepreneur with many connections around the world, and a man who has organized these events throughout the years. 
An interesting fact is that this networking event will mostly consist of Parliamentarians, heads of local governments and deputies, ambassadors from many countries and high-ranking diplomats and intellectuals so there will be a lot of useful information and contacts to be made. 
The event itself will be opened by the Speaker of the Parliament of the Republic of Latvia, making it a high-class event which will gather important officials from the entire world to share their ideas. 
We at Best Coin Investments can’t wait for the opportunity to cover this event, bring a full visual recap and make new connections. We will be sharing the main happenings on Twitter, and do a video about how it all happened. Stay tuned for this event as it might reveal some innovations that we at the crypto ecosystem have been waiting for. 

For more information go to www.sfk.lvStarptautiskais Forumu Konsorcijs – SFK.