Ripple recently became an official partner of the World Economic Forum (WEF)

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According to the details and description indicated on the website, it is disclosed that Rippl is an official partner of 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 also committed to currency parity and efficiency. After the appearance of the CEO of Ripple, Brad GarlinghouseAt a WEF 2022 panel in Davos, Switzerland, it was widely anticipated that the blockchain firm would form a collaboration with the World Economic Forum. Garlinghouse spoke on numerous topics, including the current state of cryptocurrency legislation in the US, during the conference.

Former connection to the World Economic Forum

A partnership between Ripple and the World Economic Forum is not surprising. In the international financial system, Ripple has made a name for itself thanks to its state-of-the-art payment system. Many banks and other financial institutions have formed alliances with Ripple to use the technology for instant cross-border payments thanks to this solution.

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

In 2015, Ripple Labs made headlines when it revealed that the World Economic Forum had awarded them Technology Pioneers in recognition of their work on distributed ledger technology.

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