Ripple to power Georgia’s central bank digital currency, the digital lari By Cointelegraph
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The National Bank of Georgia (NBG) has selected blockchain payments network Labs as the official technology partner for developing digital lari, its central bank digital currency (CBDC) project.
In a statement, Ripple said the partnership would include implementing and deploying the digital lari pilot initiative through the Ripple CBDC Platform. The NBG will utilize this innovative CBDC platform to evaluate potential applications of the digital lari, determining its advantages to the government sector, enterprises and individual retail users.
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The National Bank of Georgia (NBG) has selected blockchain payments network Labs as the official technology partner for developing digital lari, its central bank digital currency (CBDC) project.
In a statement, Ripple said the partnership would include implementing and deploying the digital lari pilot initiative through the Ripple CBDC Platform. The NBG will utilize this innovative CBDC platform to evaluate potential applications of the digital lari, determining its advantages to the government sector, enterprises and individual retail users.
Continue Reading on Cointelegraph
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