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. The selection of Ripple was based on its technical excellence and the expertise of its team. This collaboration marks Ripple’s sixth CBDC project with governments, following successful initiatives in Bhutan, Palau, Montenegro, Colombia, and Hong Kong. The NBG’s exploration of blockchain technology demonstrates its commitment to embracing the digital era. Ripple is currently in discussions with over 20 countries for potential collaborations.
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 |
