The cryptocurrency market is moving towards mainstream adoption. There are several firms that are signing new partnerships with institutions and other firms to increase their presence in the space. Ripple has been working in order to offer financial services to more than 200 firms located around the world. This time, Ripple has signed a new partnership with the International Association for Trusted Blockchain Applications (INATBA).
Ripple And INATBA Sign New Partnership
Ripple continues to expand its presence in the market by partnering with a large mainstream institution. This time the European Union-backed INATBA will be working with Ripple to create a global forum that brings industry leaders, startups and SMEs together to support blockchain technology.
The organization explained that there will be different participants working together to improve the blockchain industry. Some of them include developers, users and different companies involved in the space.
Ripple becomes the founding member of #INATBA. Great work in getting this off the ground @PZilgalvis and the @EU_Commission DG connect team. Over to the members to make this work. Exciting times. pic.twitter.com/snrb1Klnfz
— Dan Morgan (@danmorgan1) March 6, 2019
Some of these goals are related to maintaining a constructive dialogue with different institutions, governments, and market participants. The INATBA will also try to have a closer approach to regulatory agencies around the world.
The body explained about some of their goals:
“Promote an open, transparent and inclusive global model of governance for blockchain and other distributed ledger technology infrastructures and applications A model that reflects the shared interests of stakeholders from industry, start-ups and SMEs, civil society organizations, governments and international organisations.”
Furthermore, they will also be working in order to support the development and also the adoption of guidelines and global standards to enhance traceable virtual services. In order to expand distributed ledger technology (DLT) and digital currencies, the body would be developing guidelines and regulations for the development of blockchain technology and related applications.