The World Economic Forum (WEF) has introduced an altcoin project as its official partner. The information is confirmed on the website of the international non-governmental organization.
WEF officially partnered with this altcoin project
Ripple (XRP) is cited as the official partner of the World Economic Forum. Information is available on the international nonprofit website. The WEF described Ripple on its website as a company that “does for value what the internet does for information.” WEF adds that the Silicon Valley tech company is committed to financial equity and efficiency.
The World Economic Forum further states:
Ripple develops and enables future use cases that will accelerate the new digital economy for governments, businesses and consumers.
The partnership comes after Ripple CEO Davos speech
A partnership between Ripple and the World Economic Forum was expected to take place right after the CEO of the blockchain company Brad Garlinghouse spoke at the WEF 2022 panel discussion in Davos, Switzerland. During the conference, Garlinghouse talked about a variety of topics, including the state of cryptocurrency regulations in the US. Now, on the official website of the World Economic Forum, Ripple has been included in the partner list.
It’s not surprising to see Ripple tagged as a World Economic Forum partner. Ripple has earned quite a reputation in the global financial industry through its efficient payment solution RippleNet. Ripple’s technology is used in cross-border transactions of many financial companies, including banks. Leveraging the technology encouraged WEF to partner with Ripple.
Ripple expands to United Arab Emirates
Some of the fintech companies that use Ripple for cross-border settlements include the following companies.
- Tranglo
- SBI Asia
- FINCI
- National Bank of Australia (NAB)
- Canadian Imperial Bank of Commerce (CIBC)
One of these companies, Tranglo, announced on August 23 that it opened a new payment corridor to the United Arab Emirates. As Kriptokoin.com, we have transferred the details of the partnership in this article. Ripple hopes to dominate the Eastern European payments sector through its partnership with FINCI via Tranglo. In 2015, Ripple Labs was qualified by the World Economic Forum as the technology pioneers for ledger technology.
UAE is now part of the Tranglo Connect network, offering instant payments to the second largest Arab economy. #Tranglo #Fintech #CrossBorderPayment #Remittance https://t.co/C8VUxVkn1Y pic.twitter.com/WNvysmoC38
— Tranglo (@Tranglo) August 23, 2022
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