Ripple CEO in Talks with Georgia’s Prime Minister on Crypto Adoption

Ripple CEO in Talks with Georgia's Prime Minister on Crypto Adoption

Prime Minister reportedly invited CEO of Ripple to launch corporate service center in Georgia

As stated on the official Twitter handle of the prime minister of Georgia (the country, not the U.S. state), Ripple CEO Brad Garlinghouse recently met with Prime Minister Irakli Garibashvili and Vice Prime Minister Levan Davitashvili during his visit to Davos.

According to the Georgia Online news website, the prime minister reportedly invited the CEO of Ripple to launch a corporate service center in Georgia, citing the country’s favorable business terrain and stable political environment. Also, Georgia has been a forerunner in blockchain, having been the first country in the world to implement the technology in public services, particularly in the land registry process.

The full length of the meeting is yet to be disclosed by Ripple CEO Brad Garlinghouse, as a scroll through the Ripple boss’s Twitter feed shows no information on this.

Ripple CEO speaks on crypto regulation

The Ripple CEO spoke on a panel regarding remittances and digital money at the World Economic Forum’s (WEF) annual meeting in Davos, Switzerland, which formally opened on Tuesday.

Garlinghouse, speaking about the lack of regulatory certainty in the crypto sector, said that regulatory clarity is a problem that needs to be addressed and that the United States is trailing behind in establishing clear standards for the crypto industry. This comes as Ripple is currently facing a lawsuit from the United States Securities and Exchange Commission for the sale of its digital coin, XRP, in 2013.

Ripple just announced a $100 million investment to combat climate change, which is a positive step. The nine-figure investment will aid in the upgrading of the carbon credit market. Carbon markets allow businesses and individuals to trade carbon credits to offset CO2 emissions that some businesses cannot avoid. Ripple also says it will invest in a new feature that allows carbon credits to be tokenized.

In the previous week, Ripple announced a partnership with FINCI, a Lithuania-based online platform for worldwide money transfers, to create a new payment corridor between Europe and Mexico.

Download our Android app, never to miss the latest news

Get it on Google Play

Original Source :u.today

Want to know how to start investing in Cryptocurrencies and Stocks? Click here and get more information about the top investing platform available.

Want to receive the latest stock and cryptocurrency news and investing ideas that can help you make money ?! Subscribe to our newsletter. Enter your email below and hit the subscribe button.

Want to know how to start investing in Cryptocurrencies and Stocks? Click here and get more information about the top investing platform available.

If you want professional consultation regarding stock or cryptocurrency investing leave your information below and experts from our trusted partners will reach out to you

Subscribe

* indicates required

Load WordPress Sites in as fast as 37ms!