01-27-2020, 01:07 AM
And we’ve just got time for one final morsel of gossip from Davos. Ripple CEO Brad Garlinghouse has predicted that initial public offerings will become more prevalent in the cryptocurrency and blockchain space in 2020 — and he hinted his company would be among those seeking a public flotation. “We’re not going to be the first and we’re not going to be the last, but I expect us to be on the leading side,” he said. Such a move could be instrumental in building confidence with mainstream investors and secure a pivot away from controversial initial coin offerings, which have seen young startups suffer often expensive run-ins with regulators such as the U.S. Securities and Exchange Commission.