Ripple Selected as Technology Partner for Georgia's Central Bank Digital Currency.š¦
- The National Bank of Georgia (NBG) has chosen Ripple Labs as its official technology partner for developing the digital lari, the central bank digital currency (CBDC) project.
- Ripple will implement and deploy the digital lari pilot initiative using the Ripple CBDC Platform to assess its potential benefits for the government, businesses, and retail users.
- Before the partnership, the NBG conducted a thorough selection process, considering factors like technological prowess, maturity, relevant background, and dedication to the project's success.
- Ripple was selected alongside eight other firms, including Augentic, Bitt Inc., Broxus, Currency Network, and DCM Corp.
- Ripple's recognition for its contributions to digital currency advancement and sustainability initiatives played a role in its selection.
- This partnership highlights Ripple's role in fostering innovation in the realm of CBDCs, showcasing its importance in the world of digital currencies.
