Infamous Money 20/20 Payments Race Awards Team Crypto the Winnner for Second Straight Year
Team Crypto has gone on to win the Money 20/20 Payments Race for the second year in a row. The 2018 race featured five contestants who were required to race from New York all the way to Las Vegas. During the race, they would pit devices, cards, checks, cryptocurrency, and cash against the other competitors to determine which payment method was considered the best.
Crypto Wins The New York To Vegas Race
The racing rules were quite simple. The contestants needed to find their way from New York City to Las Vegas using only the payment method that had been assigned to them. As they competed, they would need to complete certain tasks that were specific to the payment method that they were using so that they could earn some points.
Once the race was complete, the winners would be picked based on the total points that had been tallied, as well as the first racing team to arrive at the Money 20/20 conference. This year, Team Crypto was represented by Max Meilleur who was using the Wirex cryptocurrency wallet as well as bitcoin.
The points were tallied as soon as the race came to an end, and Max emerged top. He was closely followed by Megan Hayes, who represented the devices based payment methods. The final race standings were as follows:
5th place: Renee Howard, Checks
4th place: Brittany Cooper, Card
3rd place: Dennis Trufin, Cash
2nd place: Megan Hayes, Devices
1st place: Max Meilleur, Crypto
Biggest Challenges On This Race
On arrival at the conference, each competitor was required to share some of the challenges that they encountered in the course of the competition.
Cooper who was representing cards noted that her biggest challenge was securing transportation and booking hotels. This is because racers were not allowed to pre-book flights and hotel rooms, and could also not make any online payments. She came to notice that her chip-and-chin card was not as efficient as she had imagined.
Trufin and Hayes who were representing cash and devices respectively also noticed that it was very difficult to find transportation and hotels. Some of the transportation companies refused to accept payment devices such as Apple Pay.
Max stated that at first he found it difficult to travel with bitcoin during the initial stages, but later found it much simpler. Why was this the case? According to Max, these payments race is all about connecting with people.
The race started becoming an amazing experience for him after discovering the generosity and close-knit nature of the crypto community. As was the case with Hayes, he had some trouble getting out of New York because some of the companies did not accept bitcoin.
However, he improvised and was able to find someone who was willing to use USD to purchase a train ticket for him in exchange for some cryptocurrency. This is an interaction that started his journey towards emerging on top as he continuously received help from people in the bitcoin community.