Latest updates from the Cointelegraph Davos team

Disclaimer: This article is updated all day long. All time codes are in the UTC time zone, updates in reverse order (the latest update is placed at the top).

This year’s World Economic Forum marks the first in-person event since the start of the pandemic. The last WEF with physical attendance was in Jan 2020.

Cointelegraph established a unit in Davos, Switzerland to bring in the latest updates from one of the most significant global events of the year. The major topics of discussion among world leaders, central bank governors and executives revolve around blockchain, the role of central bank digital currencies (CBDCs), Web3 and nonfungible tokens (NFTs).

Don’t forget to check this article regularly to get notified about the most recent announcements from the event.

Filecoin’s green project lead Alan Ransil explained the key difference between fiat money and cryptocurrencies. He said:

“Fiat money only has the ability to add and subtract. Programmable money, in comparison, offers real-time solutions and fast response mechanisms.”

Ripple senior vice president Brooks Entwistle shared his views on the current debate around crypto winter. He told Cointelegraph:

“Crypto winter has happened before and it will happen again, but we are focused on building into it. I think it’s an opportunity for projects to build more. A lot of this is noise, and we’ve got to reduce the noise and focus on the signal.”

Cointelegraph editor-in-chief Kristina Lucrezia Cornèr got in touch with PayPal vice president Richard Nash to get an insight into the leading payment processor’s blockchain and crypto plans.

Nash told Cointelegraph:

“We are already doing a lot in the blockchain space and just working slowly in the crypto space and looking to work with others to embrace everything we can, be it digital wallets or CBDCs in the future.”