Notice: This article is updated throughout the day. All timecodes are in UTC time zone, updates in reverse order (latest update on top).
This year’s World Economic Forum is the first in-person event since the start of the pandemic. The Cointelegraph team is on the ground in Davos, Switzerland, to bring you the latest updates from one of the biggest global events of the year. Topics of discussion among world leaders include blockchain technology, the role of central bank digital currencies (CBDCs), Web3, and non-fungible tokens (NFTs)..
Be sure to check this article regularly to be notified of the latest event announcements.
Cointelegraph interviewed Ripple CEO Brad Garlinghouse at the Filecoin Foundation event on the decentralized web portal in Davos.
“Regulation and clarity are the key things we are looking for from regulators when it comes to the cryptocurrency industry,” Garlinghouse said. to Cointelegraph. And he added:
“Cryptocurrency used to be a dirty word at Davos. Now it’s being talked about and more and more cryptocurrency companies are getting involved.”
Hyperledger’s Karen Ottoni and Digital Dollar Project’s Jennifer Lassiter sat down with Joe Hall to discuss CBDCs and cryptocurrencies. There will be a video of the interview coming soon on the Cointelegraph YouTube channel.
Experts agree that CBDCs and cryptocurrencies will grow together and “even learn from each other”.
In an exclusive interview with Cointelegraph, Sheila Warren, CEO of the Crypto Council for Innovation, spoke about the growing influence and acceptance of the cryptocurrency ecosystem by the public..
Speaking about the growing phenomenon of the Metaverse and its impact on the future, Warren stated that the fluidity between digital and real spaces is the key. “We talk about the Metaverse as one thing, but the reality is that there are going to be multiple metaverses and people will have a seamless identity across multiple metaverses,” he added..
Ripple’s CEO, Brad Garlinghouse, shared his thoughts on the recent collapse of the Terra ecosystem and its subsequent impact on the rest of the cryptocurrency market. He pointed out that while the fall of Terra (LUNA) is not a good thing, that is not a clear indication of failure for algorithmic stablecoins:
“Who’s to say that algorithmic stablecoins won’t be successful in 5-10 years. The industry is here to stay and will find more and more interesting use cases in the real world.”
Garlinghouse went on to discuss the state of regulation in the United States, saying: “The sector lacks clarity and certainty. The overwhelming majority of people who work in the crypto space are good players, however when the rules are not clear it is very difficult for investors to navigate”.
The leader of the Filecoin green project, Alan Ransil, explained the key difference between fiat money and cryptocurrencies. He said:
“Fiat money only has the ability to add and subtract. Programmable money, by comparison, offers real-time solutions and quick response mechanisms.”
Ripple’s senior vice president, Brooks Entwistle, shared his take on the current debate surrounding the crypto winter. He told Cointelegraph:
“The crypto winter has happened before and it will happen again, but we are focused on building on it. I think it’s an opportunity for projects to build more. A lot of this is noise, and we have to reduce the noise and focus on the signal.”
Cointelegraph Editor-in-Chief Kristina Lucrezia Cornèr got in touch with PayPal VP Richard Nash to learn about the leading payment processor’s blockchain and cryptocurrency plans.
Nash told Cointelegraph:
“We are already doing a lot in the blockchain space and we are only slowly working our way into the cryptocurrency space and looking to work with others to embrace as much as we can whether it be digital wallets or CBDCs in the future.”
Clarification: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information set forth herein should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
Keep reading:
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the full amount invested may be lost. The services or products offered are not aimed at or accessible to investors in Spain.