The World Economic Forum (WEF), based in Cologny-Geneva, Switzerland, is an NGO, founded in 1971. The WEF’s mission is cited as “committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas”. It is a membership-based organization, and membership is made up of the world’s largest corporations.
The WEF hosts an annual meeting at the end of January in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland. This year was no exception, with Brad Garlinghouse (Ripple CEO) and a team of Ripple execs attending Davos. Ripple also sponsored a Ripple Panel: “Changing the Finance Industry From Within”, on January 23rd, where Mr. Garlinghouse was interviewed by Phillipa Leighton-Jones (Editorial Director, Innovation, The Wall Street Journal & Dow Jones).
Even though there was no livestream of the event, attending Ripple execs shared a few quotes from Mr. Garlinghouse.
Brad underlined the importance of low cost remittances for immigrants around the world. Low cost and friction remittances will allow more people to participate in the financial system.
Eric Van Miltenburg, SVP of Global Operations at Ripple, also shared a few quotes. Brad expects interoperability of value networks to be solved in the next 10 years. Another great quote, about the XRP ledger’s low consumption was that “Running a validator on the XRP Ledger is like runniing a lightbulb”.
Monica Long (SVP of Marketing at Ripple) was also present at Davos. She quoted Brad emphasizing that you can’t fix the current system by remodeling it (like Swift) but by making fundemental changes.
The most interesting quote came from Asheesh Birla (Senior Vice President Product Management at Ripple) though. A Ripple IPO (Initial public offering) seems to be on the cards for Ripple, something the XRP community has speculated about since Ripple’s latest funding round in the end of 2019.
It will be interesting to see what other statements came out of that discussion if we can have access to the video. Watch this space for any updates.