According to Odaily, Ripple, a prominent player in the blockchain industry, is planning to extend its platform operations to the state of Georgia. Antony Welfare, Ripple's CBDC consultant, recently stated on the X platform that Ripple's Vice President, James Wallis, and Alistair Brown, a representative of Ripple's partner EPAM Systems, have been in ongoing discussions with the National Bank of Georgia (NBG).
The primary focus of these discussions is to explore potential avenues for cooperation in digitizing Georgia's economy. This move is seen as a significant step towards the broader adoption of blockchain technology and digital currencies in the state. The collaboration between Ripple, EPAM Systems, and the NBG could potentially pave the way for a more digitized economic landscape in Georgia.
Further details about the potential partnership and its implications for Georgia's economy are yet to be disclosed. However, the move is expected to bring about significant changes in the state's financial sector, with a particular emphasis on the adoption and integration of blockchain technology.