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Tag Archives: world economic forum

Davos 2020: WEF Calls for U.S. Digital Dollar to Tackle China’s Progress with Digital Yuan

The possibility of a digital dollar is one of the topics being discussed at the World Economic Forum (WEF) in Davos, Switzerland. Attendees at the forum are discussing the utility and advantages that a digital dollar could bring.Digital Dollar in Response to China’s Digital YuanOne of the reasons many people are calling for a digital dollar is the digital yuan. At the moment, and as far as national digital currencies are concerned, China is blazing the trail. Chinese authorities have noted...

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Davos 2020: Facebook’s Libra Is Driving Talks about CBDC in the World

An imminent discussion of digital currencies native to central banks of diverse countries has been sparked, and Facebook‘s Libra is at the heart and center of it.More than RippleRipple‘s flagship products leading cross-border payments might have been touted in the past as the leading catalyst for sparking conversations and implementation of digital currencies pegged to official national currencies. However, Facebook Libra has now officially taken center stage, eliciting more questions and...

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Ripple CEO Brad Garlinghouse Hints at IPO in 2020, Says More Crypto Firms Can Do the Same

In a major revelation, Ripple CEO Brad Garlinghouse hinted that the blockchain startup can go for an IPO this year. On Thursday, January 23, while speaking at the World Economic Forum in Davos, Garlinghouses surprised the audience with his statements.He predicts that in 2020, more companies from the blockchain and crypto industry are likely to go hold their IPOs. Besides, he also hinted that Ripple could one of those companies seeking an Initial Public Offering (IPO). During an interview with...

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Ripple Secures Highest Funding in Blockchain Industry in 2019, Overall Funding Down

Ripple Labs, the San Francisco-based blockchain startup, secured the highest funding in comparison to other peer blockchain companies in 2019. The latest report from CB Insights shows that Ripple raised $200 million in the Series C round last year.Among the companies that follow Ripple on the list are Figure Technologies, Digital Asset and PeerNova. However, the gap between the first and second positions is significant. However, even Ripple’s $200 million is a very small amount in comparison...

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Davos 2020: Refinitiv Establishes Alliance to Monitor Sustainable Finance

As it has become known at the World Economic Forum (WEF) in Davos, the top organizations of the planet will join Refinitiv’s alliance to be able to research and edit the investment markets. Governments and corporations usually invest using the consensus of decisions of top officials. So basically, investment is a form of art. Now it is time to take a step into the future by turning data gathering into the science.David Craig, Refinitiv CEO, noted:“The need to channel capital towards the UN...

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Ripple Gets Two New Partners as U.S. Treasury Declares Support

All of the products being offered by Ripple regularly are drawing new partners for the blockchain company. Ripple already has an interesting list of companies that currently use different RippleNet products for their core functions. Now, two new partners, including Bottomline Technologies and Tranglo, are joining the Ripple team. In addition to this, the U.S. Treasury might be throwing its back behind the company as well.Bottomline Technologies Partners with RippleAccording to the company’s...

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World’s Richest 22 Men Are Worth Same as 325M Women in Africa, Reveals New Oxfam Report

“Wealth inequality remains shockingly high.” This is the sobering conclusion of Oxfam’s latest report, published on the eve of the World Economic Forum Annual Meeting 2020.The 162 richest people on the planet boast the same wealth as the poorest 50 percent – 3.85 billion – in the world.From Tuesday, January 21, close to 3,000 delegates – including 53 heads of state – from 117 countries, will participate in the WEF summit in Davos-Klosters, Switzerland. According to the website blurb, the WEF...

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Davos 2020: Greta Thunberg Can Fully Change Global Investment Industry

In 2018, a 15-year girl from Sweden made the world reel. The girl began spending her school days outside the Swedish parliament and called for stronger action on climate change. Her active position and straightforward speeches quickly made her famous. Now this girl, Greta Thunberg, is one of the most hotly discussed youth activists who sparked an international movement to fight climate change.After Greta delivers a speech at various forums and conferences, everyone and his brother discuss her...

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Ripple-Backed MoneyGram Partners with Lulu Exchange to Expand in Asian-Pacific Region

Ripple‘s partner MoneyGram, a leading payment provider, has continued to position itself among the leaders in cross-border crypto payments. After its major deal with Ripple for On-Demand Liquidity in 2019 worth $50 million, the company has now announced a new collaboration with Lulu Exchange.The exchange ranks among the most prominent crypto and non-banking finance providers in the United Arab Emirates region. Lulu has its headquarters in Abu Dhabi and operates more than 180 active...

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Ripple CEO Brad Garlinghouse Believes U.S. Will Welcome Company’s Payment Solutions

Ripple Labs is currently involved in a serious legal battle, as we have already reported. However, it doesn’t prevent the company from being rather positive about its future. And there are some grounds for it.The World Economic Forum 2020 kicked-off yesterday, January 21, in Davos, Switzerland. As expected, global leaders met during the first day of the event with the U.S. Treasury Secretary Steven Mnuchin speaking on the transformation of the payments industry.Muchin said that the U.S....

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