Bankers and economists aren't lining up to embrace cryptocurrency, but the sector's making its mark at the World Economic Forum's annual meeting nonetheless. DAVOS22 WEF22 iamsandali helenebraunn report
The World Economic Forum’s annual meeting – canceled in 2021, delayed earlier in 2022 – formally kicks off Tuesday in Davos, Switzerland. Cryptocurrency advocates opened the parties up on Sunday with bitcoin pizza stalls and blockchain pavilions with flashy banners lining the famed promenade.
The forum also hosted a discussion on the future of the global economy, the U.S. economy and central bank digital currencies themselves. That’s not to say the forum’s global leaders accept cryptocurrencies just yet – but they aren’t ignoring it.A panel featuring Nasdaq CEO Adena Friedman, PayPal CEO Dan Schulman, U.S. Senator Pat Toomey and economist Jason Furman that purportedly focused on the future of the U.S. economy continued the discussion on crypto.
Another panel focused on the global economy also brought up the value proposition of bitcoin and some other cryptocurrencies. Sara Pantuliano, Asif Saleh, Ripple CEO Brad Garlinghouse and Circle CEO Jeremy Allaire speak at the World Economic Forum's annual meeting in Davos, Switzerland "I say don't incorporate in the U.S. because that's where some are being hostile and uncertain, and there's much better clarity in Japan and Singapore, or go here in Switzerland to invest globally having more clarity, more certainty will help [drive innovation]. It'll help remittances because of that," Garlinghouse said.
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