2024

Meta

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
In a groundbreaking move, <a href="https://u.today/ripple-reveals-impressive-q1-xrp-growth-in-new-report" rel="noopener noreferrer nofollow">Ripple</a> has announced its coalition with some of the most influential names in the tech industry. This alliance, which includes heavyweights like Coinbase Meta, and others, is a strategic response to the alarming rise in online fraud and financial schemes that have plagued the digital space.
According to a <a href="https://www.prnewswire.com/news-releases/tech-companies-announce-a-new-coalition-to-fight-online-fraud--pig-butchering-scams-302149506.html" rel="noopener noreferrer nofollow">press release</a>, tech companies across social media, dating apps, financial institutions and crypto have announced a new "Tech Against Scams" coalition to combat online fraud and financial schemes that target consumers across industries.
The coalition includes Coinbase, Match Group - the parent firm of Tinder and Hinge - Meta, Kraken, Ripple and Gemini, as well as the Global Anti-Scam Organization.
<blockquote>
 There’s one thing all of us in tech can agree on – it’s high time we dismantled the scammers once and for all. Proud that <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Ripple</a> is joining this coalition along with other industry heavyweights! <a href="https://t.co/UrF1bseUgQ" rel="noopener noreferrer nofollow">https://t.co/UrF1bseUgQ</a>— Brad Garlinghouse (@bgarlinghouse) <a href="https://twitter.com/bgarlinghouse/status/1793087796753920393?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 22, 2024</a>
</blockquote>
"Tech Against Scams" aims to leverage the collective expertise and resources of its members to tackle the sophisticated and ever-evolving threat of cyber scams. It will serve as the principal forum for participating tech companies to work on strategies to combat scammers' tools, educate and protect consumers, and disrupt fast-changing financial scams.&nbsp;
This work will include sharing best practices, threat intelligence and other advice and information to help consumers stay safe and protected before falling prey to an online fraud scheme such as romance scams or cryptocurrency scams like "pig butchering."
<a href="https://u.today/ripples-brad-garlinghouse-takes-aim-at-secs-approach" rel="noopener noreferrer nofollow">Brad Garlinghouse</a>, the CEO of Ripple, has expressed his enthusiasm for the coalition, highlighting the critical need for action against a scourge of online scams.
In a recent <a href="https://x.com/bgarlinghouse/status/1793087796753920393" rel="noopener noreferrer nofollow">tweet</a>, Garlinghouse expressed his excitement about the coalition's potential to make a significant impact: "There’s one thing all of us in tech can agree on – it’s high time we dismantled the scammers once and for all. Proud that Ripple is joining this coalition along with other industry heavyweights."

Ripple Forms Coalition With Crypto Heavyweights, CEO Excited

U_Today

Other articles published on May 22, 2024

Just In: SEC Faces Probe Over Prometheum’s Plans to Custody ETH

Pepe (PEPE) Price Rally Continues to New All-Time High – Will Dogeverse (DOGEVERSE) be the Next t...

Pepe Price Preps For 100x Gains This Coming Altcoin Season

Soulbound: Your All-in-One Hub for Gaming, Streaming, and Creativity

Shiba Inu Price Analysis: Will SHIB Recovery Hit $0.00003 By May End?

Tether Mints $1 Billion on Ethereum Amid ETF Approval Speculation

Join our free newsletter for daily crypto updates!