Ripple/XRP INATBA

Welcome back guys! The Ripple community recently received the news of the company’s announcement of being a founding member of the International Association for Trusted Blockchain Applications (INATBA).

So what does INATBA aim to achieve? Located in the heart of Europe, they are aiming to maintain a permanent and constructive dialogue with public authorities and regulators that will contribute to the convergence of regulatory approaches to blockchain and other distributed ledger technology (DLT) globally.

They also aim to promote an open, transparent and inclusive global model of governance for blockchain and other DLT infrastructures that reflects the shared interests of stakeholders from industry, start-ups and SMEs, civil society organisations, governments and international organisations.

They will also support the development and adoption of interoperability guidelines, specifications and global standards, to enhance trusted, traceable, user-centric digital services. Lastly, they will develop sector-specific guidelines and specifications for the development and acceleration of trusted sectorial blockchain and DLT applications in specific sectors.

Some of their current members include Accenture, Barclays, BBVA, Cardano, IOTA, R3 and Swift as well as many other global leaders in the blockchain space. All these companies are working together to ensure regulations are met and industry standards are being followed.

When you see the INATBA logo on any blockchain website or DAPP in the future within Europe you will know that they’ve met regulations and compliance and that they have been working alongside the regulatory framework. You will have the confidence that these companies can be trusted.

This is positive news for the crypto market and Ripple specifically and so we are pleased to share this piece of info with you guys! Hope you are all having an awesome week and we’ll be back with another post soon!

Written by Dominic Zohreh
Twitter – domz_invests
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