XRP and Goldman Sachs Partnership: WEF Member Pinpoints Rumors of a Big Announcement

Rumors suggesting a possible alliance involving XRP, Hedera (HBAR), and Goldman Sachs have stirred significant interest in the crypto community.

Shawn Oroogle, a member of the World Economic Forum, recently brought attention to these claims, acknowledging in a tweet that he was “gathering more evidence” but providing no substantive details to validate the speculation.

Despite the lack of concrete evidence, Oroogle’s statement gained traction, particularly among XRP supporters. Members of the XRP Army expressed optimism that this could signal an upcoming major development for the digital asset.

Ripple, Hedera, and Past Interactions

Speculation about potential collaboration between Ripple and Hedera is not without precedent. Both companies have a history of engaging in blockchain-related initiatives. Earlier this year, Ripple and Hedera joined forces as founding members of the DeRec Alliance.

This group aims to enhance the recovery and security of digital assets by creating a protocol that allows users to retrieve sensitive information securely through a network of trusted entities.

Additionally, in September, the two companies became founding members of the MiCA Crypto Alliance. This initiative seeks to ensure blockchain projects comply with the European Union’s Markets in Crypto-Assets (MiCA) regulation. Areas of focus include transparency, consumer protection, and reducing the climate impact of blockchain activities.

While these collaborative efforts highlight shared goals between Ripple and Hedera, any claims linking these activities to a Goldman Sachs partnership remain unverified.

Goldman Sachs Expands Blockchain Efforts

The speculation coincides with Goldman Sachs’ latest announcement regarding its blockchain ventures. According to a Bloomberg report, the financial institution is exploring the possibility of spinning off its digital asset platform into an independent entity.

This new platform would specialize in assisting large financial institutions in creating, trading, and settling financial instruments via blockchain technology.

Established in 2022, Goldman Sachs’ Digital Assets Platform has facilitated several notable transactions, such as issuing blockchain-based bonds for the European Investment Bank. The spin-off aims to enhance the platform’s operational independence while maintaining Goldman Sachs’ involvement in digital assets.

The company plans to retain its digital assets team and expand its initiatives in the sector. However, no connection between this development and Ripple or XRP has been confirmed.

Community Reactions and Speculation

Community discussions have also referenced a past dialogue between Ripple CEO Brad Garlinghouse and Hedera Co-Founder Leemon Baird, in which the two explored ideas for blockchain collaboration.

While this interaction demonstrates mutual interest in advancing the blockchain ecosystem, it does not substantiate claims of a forthcoming three-way partnership with Goldman Sachs.

The renewed interest in these discussions reflects the crypto community’s heightened anticipation of significant developments involving major financial institutions. However, Oroogle’s remarks and related rumors remain speculative, with no official announcements or verifiable evidence to support them.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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