- Georgia Prime Minister Irakli Garibashvili has invited Ripple to set up a corporate center in the country assuring a friendlier environment.
- Ripple CEO Brad Garlinhouse said that transparency will play a key role in the crypto industry’s thriving.
Brad Garlinghouse, the CEO of blockchain startup Ripple, has been attending the 2022 World Economic Forum event this week. He met some of the world leaders and banking authorities to discuss the challenges in the blockchain and the crypto space.
On Tuesday, May 24, Brad Garlinghouse shared his expertise with the Prime Minister of Georgia over blockchain adoption and regulation. In a Twitter post on Tuesday, Georgia Prime Minister Irakli Garibashvili wrote:
Great talks with Ripple CEO Brad Garlinghouse! Shared Georgia’s vision on future of blockchain & regulation. With a business-centric environment & innovative approach, we aim to evolve as a tech & innovations hub. Shared Georgia’s story as the 1st country to bring Blockchain in public services.
The meeting took place at the ongoing World Economic Forum 2022 in Davos, Switzerland. Financial experts from across the world including bankers, finance ministers, and others have gathered to discuss different developments and initiatives in global finance.
As per the local reports from Georgia, the country’s Prime Minister also made an offer to Ripple’s CEO. The report states that Georgia Prime Minister Irakli Garibashvili asked Garlinghouse to open ripple’s corporate service center in the country.
The Prime Minister pitched by saying that “Georgia has a favorable investment environment and the country has a stable location”.
Ripple CEO talks about having transparency in the crypto space
In his recent interview with Fox Business, Ripple CEO Brad Garlinhouse spoke about what’s required to thrive in the crypto space. Amid all the noise around stablecoins these days, the interviewer asked Brad Garlinhouse his opinion about the assets backing Tether.
Responding to it, Garlinghouse said that he’s been not personally involved with it. He also added that he has no idea how Tether is sharing its financials. However, he added that there’s a demand for strong transparency in the crypto space more than ever before.
He added that not only Tether but the whole crypto industry needs to be transparent in order to thrive in the coming years. Garlinghouse further added that from the earliest days, Ripple and the whole XRP community have been leading by example.
On the other hand, Ripple’s General Manager Ashish Brila had a conversation with Dave Balter, CEO of FlipsideCrypto, a cryptocurrency, and blockchain analytics firm. The two players discussed how organizations can prevent cryptocurrency hacks and make blockchains more secure over time.
— Ripple (@Ripple) May 24, 2022
While Ripple executives remain optimistic about the future, the company is still fighting a major battle with the U.S. SEC over the status of XRP as securities.