In a recent development, Ripple has been selected by the National Bank of Georgia (NBG) as the official technology partner for its Digital Lari (GEL) pilot project.
The collaboration aims to explore the potential benefits and use cases of Ripple’s Central Bank Digital Currency (CBDC) platform for the public sector, businesses, and retail users.
Ripple’s expertise and commitment to the project’s success were key factors in its selection, as announced by the NBG.
NBG And Ripple Forge Path To Digitalization
According to the announcement, the National Bank of Georgia chose Ripple after a “rigorous selection process” involving nine shortlisted companies.
Ripple stated that the company’s “deep understanding” of the project’s objectives, extensive experience in real-life pilot deployments, and comprehensive CBDC solution, were instrumental in securing the partnership.
As announced, the platform provides a holistic end-to-end solution that enables central banks and fi
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