The world’s third-ranked digital asset Ripple (XRP) is mentioned in the World Economic Forum (WEF) toolkit in Davos.
Ripple (XRP) was listed in the World Economic Forum toolkit along with JPM coin. Both of these coins were named as examples of cryptocurrencies that are used for infra and interbank payments and settlements.
World Economic Forum section involved various participants of the digital payments ecosystem such as payment service providers, retail payment systems, and cryptocurrencies.
Ripple and JPM coin rivalry
Now that these two coins have been named together as the examples of cryptocurrencies in the World Economic Forum (WEF) toolkit, it means that the rivalry between Ripple (XRP) and JPM coin will start again. The rivalry between both these coins started in 2019.
The CEO of Ripple Brad Garlinghouse noticed the changing tune of banks towards cryptocurrency and says that bank coins only operated within a closed network, therefore they were not the answers.
Toolkit mentions globally available crypto assets
While the World Economic Forum toolkit not only mentioned Ripple and JPM coin but also several other crypto assets were also mentioned in the toolkit.
These include the world’s leading digital asset Bitcoin (BTC), the second-ranked asset Ethereum (ETH), Facebook’s Libra cryptocurrency, and the stablecoin Tether (USDT).
Ripple CEO Brad Garlinghouse also showed action in Davos. By trashing the world’s leading digital currency, he called bitcoin as a means of payment. He also said that Ripple might launch an IPO very soon.
Ripple network is developing and growing day by day. It has once again proven its worth as it has been mentioned in the World Economic Forum toolkit in Davos. If Ripple keeps developing its network it can do much in the future.
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