The Central Bank of Georgia (NBG) will cooperate with Ripple, the developer of XRP, one of the largest altcoins.
The Central Bank of Georgia will use Ripple’s technology in its pilot study for the central bank digital currency (CBDC).
The central bank chose to work with Ripple because it “deeply understands the purpose and use cases of the project and is committed to its success.”
Ripple competing to become a partner in the Digital Lari project out of nine companies chosen. Ripple made the following statement about leaving its competitors behind:
“Ripple’s CBDC Platform stood out because it offers an end-to-end solution that allows central banks, financial institutions and governments to seamlessly generate, manage and use CBDC.”
The Central Bank of Georgia, which first announced its work on CBDC in 2021, announced that the Digital Lari project payment system and financial inclusion He thinks he can heal it.