Ripple involved in high-level discussions with International Monetary Fund

Ripple co-founder Chris Larsen is involved in high-level discussions with the International Monetary Fund (IMF).
Other important members from the blockchain world include Circle CEO Jeremy Allaire, Chain CEO Adam Ludwin, Digital Asset board member Blythe Masters and Blockchain.com president Marco Santori.

Ripple co-founder Chris Larsen will be one of the leaders in finance and technology who will hold high-level discussions with IMF director Christine Lagarde. The main focus of the meeting will be on how emerging technologies like blockchain can improve data and cybersecurity. Larsen will be joined by other distinguished members from the blockchain world including Circle CEO Jeremy Allaire, Chain CEO Adam Ludwin, Digital Asset board member Blythe Masters and Blockchain.com president Marco Santori.

Earlier in January, during the Paris Fintech Forum, Lagarde warned that banks need to act and adapt to new technologies to better serve their customers. She particularly highlighted the positive impact of Ripple and Circle. She said:

“I think in the banking system at large in many, many countries, the difference will not be between those who are disrupted and those who survive. The difference will be between those who are cannibalized because they’re not seeing it coming, and they’re not embracing it, and those who self-induce that cannibalization.

And I’m using cannibalization on purpose because it’s a bit of a striking, horrible word. But it’s really what it means. You’re going to disrupt your business model. You’re going to change it. You’re going to reduce your costs. You’re going to expedite your transactions, and you’re going to inspire confidence because you will build out on the basis of an existing backbone, which is your bank and the confidence, relationship you’ve established with your customers.

So that’s where I see changes happening now. If you think of Circle, and Ripple and all those – that’s where they are active and helpful.”

Share: Cryptos feed

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.