As the annual meeting of the World Economic Forum (WEF) draws to a close, attendees have a chance to join Cointelegraph for a farewell party at the Ex Bar in Davos — where they can actually pay for food and drinks with cryptocurrency.
The World Economic Forum’s annual meeting is scheduled for May 22-26 and is expected to be attended by many world leaders. What role will blockchain play in the event? https://t.co/wEtEvuVK5I
— Cointelegraph (@Cointelegraph) May 20, 2022
Those who join the party early have a chance to win one of 20 cards containing up to 100 Davos coins, the equivalent of 100 CHF points that can be used at the event. The winner enjoys a seamless checkout experience with a new hardware wallet with the look and feel of a normal credit card. Powered by German crypto custodian Trustody and Ammer Card, a self-custodial wallet created by Ammer Technologies AG, cardholders simply tap and pay at the Trustody terminal.
Polygon co-founder Mihailo Bjelic told Cointelegraph that Ammer Technologies used Polygon technology to launch Davos Coins and related payment systems in just two weeks. Bjelic described Davos Coins as a “pilot project” showing the speed of integrating crypto payments.
The topic of crypto payments is front and center for several groups Four-day summit of the World Economic Forum, ends Thursday. A PayPal executive told Cointelegraph that the global payments giant is seeking Expands its cryptographic services offering in the near future.the use of something Digital Assets for Global Remittance Also featured in a panel discussion including Circle CEO Jeremy Allaire and Ripple’s Brad Garlinghouse.
Meanwhile, Mastercard CEO Michael Mibach Bold predictions for SWIFTGlobal cross-border settlement platforms may not exist in five years due to rapid innovation in blockchain technology and central bank digital currencies.
Joseph Hall contributed to this story.