Ripple to power Georgia’s central bank digital currency, the digital lari

The National Bank of Georgia (NBG) has selected blockchain payments network Ripple Labs as the official technology partner for developing digital lari, its 

In July, Ripple received recognition from Currency Research for its contributions to digital currency advancement and best sustainability initiative, particularly for its role in fostering innovation in the realm of CBDCs.

Before the partnership with the NBG for the digital lari project, Ripple had proactively aligned itself with organizations seeking to delve into CBDC implementations. Ripple previously joined forces with Colombia’s central bank, Banco de la República, to investigate blockchain technology applications in its digital peso pilot by leveraging the Ripple CBDC Platform.

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