{"id":158252,"date":"2022-05-25T13:04:32","date_gmt":"2022-05-25T13:04:32","guid":{"rendered":"https:\/\/precoinnews.com\/?p=158252"},"modified":"2022-05-25T13:04:32","modified_gmt":"2022-05-25T13:04:32","slug":"blockchain-friendly-georgia-welcomes-ripple-large-scale-xrp-adoption-could-be-imminent","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/blockchain-friendly-georgia-welcomes-ripple-large-scale-xrp-adoption-could-be-imminent\/","title":{"rendered":"Blockchain-Friendly Georgia Welcomes Ripple \u2014 Large-Scale XRP Adoption Could Be Imminent"},"content":{"rendered":"

Ripple chief Brad Garlinghouse met with Georgia Prime minister Irakli Garibashvili and vice prime minister Levan Davitashvili during his trip to Davos, Switzerland.<\/p>\n

Blockchain-Friendly Georgia Welcomes Ripple<\/strong><\/h2>\n

According to a May 24 tweet, Ripple\u2019s Garlinghouse discussed Georgia\u2019s \u201cvision on future of blockchain & regulation\u201d. With an innovative approach, the tiny nation in the Caucasus aspires to become a fintech hub.<\/p>\n

PM Irakli Garibashvili asked Garlinghouse to consider opening a corporate service center in Georgia, explaining that the country boasts favorable market conditions for the growth of cryptocurrencies. He also noted that his government has already formulated a draft legal framework for regulating digital assets. The legislation will be discussed with shareholders first before being sent to parliament for approval.<\/p>\n

Georgia is notably a frontrunner in blockchain technology, having been the world\u2019s first nation to integrate it into different areas of public administration \u2014 particularly the land registration process where costs are reduced by 30%.<\/p>\n

More details regarding the talk are currently unavailable since Garlinghouse is yet to comment about it on Twitter.<\/p>\n

Push For Crypto Adoption<\/strong><\/h2>\n

As we all know, remittance markets are the key focus for Ripple \u2014 the company currently embroiled in a lawsuit filed by the U.S Securities and Exchange Commission \u2014 as it aims to speed up cross-border transactions with the XRP token.<\/p>\n

So far, Ripple has secured alliances with many major financial institutions and banks through its blockchain-based payments network RippleNet. With this in mind, as well as the success of Ripple\u2019s tech, the San Franciso-based crypto startup may be prepping to establish itself as the blockchain infrastructure solution for Georgia.<\/p>\n

That said, Ripple is seemingly well aware of Georgia\u2019s friendly stance on crypto and perhaps the possibility for the company to make global money transfers as cheap and smooth as possible for Georgians.<\/p>\n

Meanwhile, Garlinghouse told the World Economic Forum\u2019s attendees that the United States is lagging behind in establishing clear rules for the cryptocurrency industry.<\/p>\n

But will Georgia adopt Ripple\u2019s technology? That much the future holds.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ripple chief Brad Garlinghouse met with Georgia<\/p>\n","protected":false},"author":3,"featured_media":158251,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nBlockchain-Friendly Georgia Welcomes Ripple \u2014 Large-Scale XRP Adoption Could Be Imminent - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/blockchain-friendly-georgia-welcomes-ripple-large-scale-xrp-adoption-could-be-imminent\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blockchain-Friendly Georgia Welcomes Ripple \u2014 Large-Scale XRP Adoption Could Be Imminent - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Ripple chief Brad Garlinghouse met with Georgia\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/blockchain-friendly-georgia-welcomes-ripple-large-scale-xrp-adoption-could-be-imminent\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-25T13:04:32+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/05\/Blockchain-Friendly-Georgia-Welcomes-Ripple-\u2014-Large-Scale-XRP-Adoption-Could-Be-Imminent.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/blockchain-friendly-georgia-welcomes-ripple-large-scale-xrp-adoption-could-be-imminent\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/blockchain-friendly-georgia-welcomes-ripple-large-scale-xrp-adoption-could-be-imminent\/\",\"name\":\"Blockchain-Friendly Georgia Welcomes Ripple \u2014 Large-Scale XRP Adoption Could Be Imminent - 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