Jochen Siegert, CEO of Bigpoint Criticizes Protectionist Posturing from Governments

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Jochen Siegert, CEO of Bigpoint Criticizes Protectionist Posturing from Governments
Jochen Siegert, CEO of Bigpoint Criticizes Protectionist Posturing from Governments

Jochen Siegert, CEO of Bigpoint Criticizes Protectionist Posturing from Governments

In the recently concluded Bitcoin Konferenz in Cologne, Jochen Siegert, CEO of Bigpoint, spoke about ‘Bitcoin transactions from the perspective of an online retailer.’ In his presentation he pointed out the protectionist posturing by some governments is an obstacle on the path of Bitcoin’s success to become even more popular.

He said that Bigpoint, the online game platform that has more than 1,000 global distribution partners and additional users in more than 200 countries, four weeks ago started accepting Bitcoins; however, as he thought it was considered a popular digital currency, he was wrong as not many customers paid in Bitcoin.

Jochen Siegert said that one problem he sees is the lack of user friendliness, which is also a reason for the small number of customers. So far he could in fact get only ten Bitcoin transactions since implementation of four weeks prior to counting. He said, “There is something in it,” that does not go well with Bitcoin.

Who is Jochen Siegert?

Siegert is the former director of EMEA strategy and business development at PayPal Europe. He was recently hired as head of payment at online games giant Bigpoint. With over 12 years of experience in the payment industry, he built up PayPal’s European financial products department and led the firm’s European card and credit strategy.

Another speaker Malte Moeser of the University of Münster talking on Bitcoin transactions and anonymity, said that thanks to to this money laundering in the Bitcoin network would be possible.

He safely assumes that for anonymity in Bitcoin transactions, law enforcement bodies will be keeping Bitcoin in their agenda. He does not seem wrong altogether as recently there have been many crackdowns on such transactions, the most recent was Silk Road.

**relatedarticle**

After Cologne, Now Stockholm to Hold a Bitcoin Conference

Bitcoin Konferenz in Cologne was a great success; now the Stockholm School of Economics will host a conference to discuss the future of Bitcoin. Reportedly, more than 250 people have signed up so far to make it Scandinavia’s largest Cryptocurrency event. The event is expected to give maximum exposure to the Bitcoin users and supporters in Sweden, Denmark and Norway.

Scandinavia has a large number of Bitcoin users and supporters; in fact, Sweden and Denmark have exchanges. Sweden in fact, classified Bitcoin as a means of payment last year and is mulling a plan to include it in sales tax.

To contact the reporter of this story: Deepak Tiwari at deepak@forexminute.com