San Francisco-based enterprise blockchain company Ripple is preparing to kick off its annual Swell event.
"Welcome to the eighth annual Ripple Swell," CEO Brad Garlinghouse said in a recent video.
This time around, the conference is going to take place in Miami, Florida. Notably, this is the very first Swell event held in the US since 2018.
After gaining a lot of prominence during the 2017 cryptocurrency bull run, the company was arguably at the peak of its influence, with former US President Bill Clinton delivering a keynote speech at its San Francisco event.
Alex DovbnyaSince then, Ripple has held events in such cities as Toronto, San Francisco, Singapore, London, and Dubai. Two of its events were also held virtually.
The list of speakers at Ripple's Miami event includes Adrienne Harris, the current New York Superintendent of Financial Services, Sheila Colleen, the former chair of the U.S. Federal Deposit Insurance Corporation (FDIC), and Tim McCourt, who has served as senior managing director at Chicago-based derivates trading behemoth CME Group since 2022.
Even though Swell events used to boost the price of XRP, this does not appear to be the case anymore. The controversial token is currently performing in line with the rest of the market.
The token is currently trading at $0.54, according to data provided by CoinGecko. Earlier this month, the controversial token suffered a notable blow due to the SEC's appeal in the Ripple case, but it has seemingly managed to recover.
Ripple is expected to reveal more details about its much-hyped stablecoin project, which is currently in the beta testing phase.
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Dan Burgin
Vladislav Sopov