Crypto Businesses Establish Dominance along Commercial Strip in Davos
Several crypto companies advertising their wares took the stage at this year’s World Economic Forum in Davos despite the recent market crash.
According to the World Economic Forum that conducted an extensive study on how people perceive autonomous cars, the world is ready to give driverless vehicles a try!
Several crypto companies advertising their wares took the stage at this year’s World Economic Forum in Davos despite the recent market crash.
XRP is still in an odd spot: nobody knows for sure whether or not the asset is a commodity or security or even neither. Some people, like Ben Askren, believe that it is just a scam.
Some experts think that Ripple’s IPO will put an end to the inherently speculative nature of the XRP token that won’t be much appreciated by its investors.
According to Wietse Wind, the lead developer of XRPL Labs, Ripple is considering launching not only a free version of the banking app but also a paid one that will be called ‘Xumm Pro’.
Having received big-fat funding last year, Ripple is all geared up to expand its XRP payments network globally. The company is in talks with commercial banks and financial businesses willing to adopt its solution.
Bakkt is going to launch its app already in 2020. And it is expected that it will have more in common with PayPal than with Coinbase.
The attendees of the WEF 2020 have actively discussed the concept of a digital dollar and the necessity to match up to China with its digital yuan.
At the World Economic Forum in Davos, there were a lot of discussions of the role of digital assets and the U.S. dollar in the global economy. Facebook’s Libra has also influenced the direction of the talks.
During an interview at the WEF 2020 event in Davos, Garlinghouse said that more crypto companies will plan to go for an IPO in 2020. The Ripple CEO is confident about the company’s position in the evolution of the payments industry.
Despite a growing interest by global organizations and government institutions for the blockchain technology, the industry saw a drop in new funds raised. Ripple managed to steal the show with over $200 million raised in Series C funding.