Mavatar CEO joins panel with the Board of Governors of the Federal Reserve System, Bank of Canada, University of Chicago at 36th Annual Monetary and Trade Conference

Next week Mavatar CEO Susan Akbarpour joins David Mills of the Board of Governors of the Federal Reserve System, Kim Hunyh of Bank of Canada and Will Cong of University of Chicago to discuss “Bitcoin and Other Cryptocurrencies.” This is the first panel featured at the 36th Annual Monetary and Trade Conference in Philadelphia.

mCart by Mavatar, Bank of Canada, University of Chicago and Board of Governors of the Federal Reserve System discuss the future of crypto at the Monetary and Trade Conference.

Will Crypto Change Traditional Finance?

This is an annual event hosted by the Global Interdependence Center in conjunction with the LeBow College of Business at Drexel University and the Federal Reserve Bank of Philadelphia. Created to track the latest in finance and business, this year the event features panels over Bitcoin and other crypto, including mCart Token by Mavatar that has a clear utility in micro-payments; a huge bottleneck for influence marketing and user-generated advertising. Critics have a lot to say about crypto investments and blockchain right now, making it the perfect time to hear what these crypto and finance experts have to say about the changing landscape of how business is done and what leads to growth for businesses and consumers.

The topics discussed at the event will delve into what makes a viable token, a topic Susan, Mavatar CEO brought to light at Fintech last month. In this panel, she will expand on:

• Limiting tokens to “Security” and “Commodity” halts innovation. This category needs to be defined sooner than later for three reasons:
• Utility tokens fund disruptive technologies that don’t attract traditional investors because innovative products don’t fit in their portfolio’s defined metrics, historical data and predictive models.
• To “cross the chasm”, innovation needs early adopters. A vast majority of the ICO investors are developers. The snowball effect of utility tokens value (token economics) attract the “early adopters and early majority”, easing market adoption because they see themselves partners in upside.
• Liquidity not only enhances the utility, but also is the very reason of utility tokens’ existence. If security, exchanges can’t list the tokens that results in distortion of economics and the utility aspect of token