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Prime Minister reportedly invited CEO of Ripple to launch corporate service center in Georgia<\/p>\n<\/div>\n<\/div>\n
As stated on the official\u00a0Twitter<\/a> 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.<\/p>\n It was an honor to meet the Prime Minister of Georgia to discuss #blockchain<\/a> and #crypto<\/a> at #wef2022<\/a>. https:\/\/t.co\/kGZbvXBgMD<\/a><\/p>\n \u2014 Ripple (@Ripple) May 23, 2022<\/a><\/p><\/blockquote>\n According to the\u00a0Georgia Online news website<\/a>, 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.<\/p>\n 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.<\/p>\n 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.<\/p>\n Ads<\/p>\n<\/div>\n<\/div>\n 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\u00a0for the sale of its\u00a0digital coin, XRP, in 2013.<\/p>\n Ripple just announced a $100 million investment to\u00a0combat\u00a0climate 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.<\/p>\n In the previous week, Ripple<\/a> announced a partnership with FINCI, a Lithuania-based online platform for worldwide money transfers, to create a new payment corridor between Europe and Mexico.<\/p>\n<\/div>\n\n
Ripple CEO speaks on crypto regulation<\/h2>\n
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