#Crypto_Centur #RippleTrends #XRPcryptowolf #GEORGIA #cbdc
The crypto company Ripple plans to cooperate with the National Bank of Georgia on the issue of digitalization of the local economy using blockchain. To discuss this topic, we met with Ripple Executive Director James Wallis. Head of the National Bank of Georgia Natia Turnava and Head of the Department of Financial Technology Development and Bank Supervision Varlam Ebanoidze. According to the official statement of the National Bank, potential ways of “cooperation in the field of financial technology and digitalization” were explored at the joint event. This is not the first meeting between Ripple management and the Georgian authorities. In September 2023, the National Bank invited the company to participate in the digital lari project. It later became known that the company had been selected as an official partner for the development of a central bank digital currency (CBDC). In addition to Georgia, Ripple participates in CBDC pilot projects of the Central Banks of Colombia, Bhutan, Pulau, Montenegro and a number of other countries. At the end of 2023, the crypto company presented a 2-page document on the global development of a central bank digital currency. In it, Ripple stated that “CBDCs are critically needed to support the significant positive impact of asset tokenization.”