Ripple Will Collaborate With This Country’s Central Bank

Standing out with its developments supporting cryptocurrencies, Montenegro will cooperate with Ripple (XRP) for the digital central bank money (CBDC) project.

Prime minister Dritan Abazovic made via social media in the statement, Karabakh Central Bank announced that it will work with Ripple on the CBDC pilot project. Expressing his happiness for this cooperation, the Prime Minister said, to adapt to the industry He stressed that the work will continue.

On the other hand, although it is not part of the European Union, euro The exact nature of the potential future digital currency remains unclear, as Montenegro currently does not have a national currency of its own.

Abazović said in a statement about the development that the CBDC or stablecoin shared the following details about their plans to launch a product such as:

In collaboration with Ripple and the Central Bank of Montenegro, we launched a pilot project to create the first digital currency or stablecoin for Montenegro.

Montenegro, which has come to the fore with pro-crypto developments many times before, has been the founder of Ethereum (ETH) in the past months. Vitalic ButerineHe organized a panel in which he also attended. At that time Buterin Montenegrin citizenship was given.

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