Ripple Now Official Partner of the World Economic Forum (WEF)

Ripple Now Official Partner of the World Economic Forum (WEF)
  • Ripple CEO Brad Garlinghouse’s appearance on a WEF 2022 panel.
  • World Economic Forum had awarded Ripple Technology Pioneers award in 2015.

As per the details and description stated on the website, it is being made known that Ripple (XRP) is an official partner of the World Economic Forum. The data was published on the website of the international NGO. The World Economic Forum (WEF) has reportedly referred to Ripple as a corporation that is “doing for value what the internet did for information.”

The Silicon Valley tech giant, according to the WEF, is likewise committed to monetary parity and efficacy. After Ripple CEO Brad Garlinghouse’s appearance on a WEF 2022 panel in Davos, Switzerland, the blockchain firm was widely anticipated to form a collaboration with the World Economic Forum. Garlinghouse spoke on numerous issues, including the current status of cryptocurrency legislation in the US, during the conference.

Old Connection With WEF

A partnership between Ripple and the World Economic Forum comes as no surprise. In the international financial system, Ripple has made a name for itself thanks to its cutting-edge payment system. Many banks and other financial institutions have formed alliances with Ripple to use the technology for instantaneous cross-border payments because of this solution.

Companies including Tranglo, SBI Asia, FINCI, the National Bank of Australia (NAB), the Canadian Imperial Bank of Commerce (CIBC), and many more have all relied on Ripple for international payments. Ripple, a blockchain business, is counting on Tranglo to help it dominate the Southeast payment market, while it aims to accomplish the same in Eastern Europe with the help of its relationship with FINCI.

In 2015, Ripple Labs made headlines when they revealed that the World Economic Forum had awarded them Technology Pioneers in recognition of their work on distributed ledger technology. Importantly, this illustrates that, despite the SEC’s ongoing XRP litigation against the company, Ripple is still seen as a trustworthy crypto corporate entity.

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An engineering graduate who is passionate about writing and loves the very existence of crypto. Trading forex currency keeps me busy when I am not writing and analysing the crypto world.