Ripple, a major cryptocurrency firm, is deepening its CBDC engagement with the Republic of Georgia by looking into ways to digitize the local economy. In order to improve collaboration in financial technology and digitalization, James Wallis, the CEO of Ripple, met with Natia Turnava, the acting governor of the NBG, and Varlam Ebanoidze, the head of the bank’s technological development department.The new collaboration builds on the previous partnership between the NBG and Ripple, where the latter serves as the technological partner for the NBG’s pilot CBDC project called the digital lari. As previously stated, the NBG intends to launch CBDC research in September 2023, inviting nine organizations, including Ripple Labs, to join in the digital lari project.Ripple collaborates with numerous central banks throughout the world, including Georgia, on CBDC development. They are also undertaking pilots in Colombia, Bhutan, Palau, Montenegro, and other countries. CBDCs contribute to the positive impact of asset tokenization by transforming tangible assets into blockchain-based digital tokens.
sekar nallalu Cryptocurrency Ripple Collaborates with National Bank of Georgia for Economic Digitalization
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