About Faisal Khan
Faisal Khan is a leading technopreneur, payments consultant & digital money guru. He is Co-founder & CEO of Interbank Financial Services (IBFS),and specializes in Cross-Border Money Transfers and Payment Systems.
Faisal holds a Masters in Electrical Engineering with a specialization in Electromagnetics from the Florida Institute of Technology. Driven by eclectic passions ranging from Jazz, Quantum Physics & Internet Marketing, Faisal spends his days creating and deploying remittance, bespoke, online & mobile peer-to-peer payment systems.
Faisal maintains an active online presence at his blog (www.faisalkhan.com) and can be found in the virtual world using his handle “babushka99.”
Digital Currencies and Bitcoins – Post Event Report
An engaging and interesting session on the evolution of currency; a growing phenomenon of Bitcoins was held at the KITE campus on January 24th, 2014. An hour long session kept the audience captivated in a talk ranging from the evolution of money to the next big thing on the block the future of money known as Bitcoins. Faisal being an engaging talker enlightened the audience of the evolution of payment systems over the decades, shedding light on medieval times; from barter trade to the advent of coins, paper money, plastic money and the cycle goes on. Faisal spoke of the basic mechanism highlighting the State’s role in the regulation of money controlling inflation, along with the demand and supply of money.
The latter half of the session spoke more on the development of technology and advent of Bitcoins. Which are a peer-to-peer payment system and digital currency introduced as open source software in 2009 by pseudonymous developer Satoshi Nakamoto. It is a cryptocurrency, or so-it is called as it uses cryptography to control the creation and transfer of money.