Bitcoin system put in context

The first conference in New Zealand about digital currency bitcoin will be held in Queenstown this weekend.

Billed as ''New Zealand's first digital currency summit'', Bitcoin South will feature 22 speakers offering technological, financial, investment, media and government regulatory perspectives on bitcoin.

Among the speakers is former Mega Ltd CEO and former Internet Party chief executive Vikram Kumar.

Organiser Fran Strajnar declined to tell the Otago Daily Times how many had signed up for the conference, but was ''more than happy with the turn-out and the quality of people who are showing up''.

''We've invited decision-makers from all industries to come and get an early understanding. Normally, you have to travel to Hong Kong or New York to get this quality of speakers.''

Bitcoin is a software-based online payment system that is also known as a digital currency, or cryptocurrency.

Mr Strajnar said speakers and attendees had already begun arriving in Queenstown for the two-day conference, which is being held at the Millennium Hotel.

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