- The National Bank of Georgia selected Ripple as its technology partner for a digital lari pilot project.
- Georgia’s central bank plans to explore the benefits of a digital currency for the public sector, businesses, and retail users using Ripple’s CBDC platform.
- Ripple was chosen after a competitive selection process due to its deep understanding of the project, commitment to success, and experience in conducting similar pilots with other countries.
- Ripple has partnered with several other countries, including the Republic of Palau, Colombia, and Montenegro, for similar pilot projects.
- Ripple is in discussions with more than 20 countries worldwide for potential partnerships.
- James Wallis, VP of central bank engagements at Ripple, believes this partnership will lead to transformative advancements in blockchain technology use within the public sector.
