The Central Bank of Georgia will involve Ripple Labs in the digitalization of the country's economy. At least, such plans were announced by representatives of the National Bank of Georgia (NBG) after a meeting with the company’s management this weekend.

The central bank’s release stated that the meeting was dedicated to exploring “potential areas of cooperation in the digitalization of the Georgian economy.” Specific details are unknown. According to a release on LinkedIn, the meeting was attended by:

- Acting Chairman of the regulator Natia Turnava; 

- Head of the Department for Development of Financial and Supervisory Technologies Varlam Ebanoidze; 

- Vice President of#RippleLabsJames Wallis;

- Founder of the Commercializing Blockchain Research Center project Anthony Welfer.

Let us recall that earlier, in November 2023, the Central Bank of Georgia announced a partnership with#Rippleto launch a CBDC (digital currency of the national bank). In addition, the Georgian authorities are working closely with#Tetheron a number of projects. Essentially becoming one of the region’s leaders in the adoption of cryptocurrencies, blockchain technologies and digitalization.