Will virtual currency market boost economy?

Tue, 26 Aug 2014

An International summit is being held here to solidify the Island's presence as a leader in virtual currency.

The Crypto Valley Summit is a two day event being held from Wednesday 17th to Thursday 18 September at the Palace and Sefton Hotels.

It's aimed at industry experts, who will share views on opportunities facing an industry, which is being spearheaded by the Isle of Man.

Peter Greenhill, CEO of e-business development, says even local businesses will soon be looking to start accepting this type of currency in payment for goods and services.

He adds that there'll also be a wave of jobs created by this new Manx economy: