The National Bank of Georgia (NBG) has partnered with Ripple to launch a pilot program for a central bank digital currency (CBDC) called the Digital Lari. Ripple’s CBDC platform, built on a private version of the XRP ledger, will enable the NBG to mint, manage, and redeem CBDCs in a flexible and scalable manner. Ripple was chosen for its technical excellence and expertise. This collaboration marks Ripple’s sixth CBDC project with governments, following successful initiatives in Bhutan, Palau, Montenegro, Colombia, and Hong Kong. The NBG aims to explore how blockchain technology can propel its economy into the digital era.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | 🇬🇪 🇧🇹 🇵🇼 🇲🇪 🇨🇴 ðŸ‡ðŸ‡° |
| Sentiment | positive |
| Relevance Score | 1 |
| People | James Wallis, Natia Turnava |
| Companies | National Bank of Georgia, Ripple |
| Currencies | XRP |
| Securities | None |
