Background:
Ripple, a leading payment technology company, has been collaborating with the National Bank of Georgia (NBG) on a pilot project to digitize the country’s currency, the lari.
Recent Meeting:
NBG’s Acting Governor Natia Turnava and Head of Tech Development Varlam Ebanoidze met with Ripple’s James Wallis to discuss further cooperation in digitalizing Georgia’s economy.
Potential Collaboration:
The meeting explored avenues for Ripple to assist NBG in:
- Developing the country’s central bank digital currency (CBDC) program
- Leveraging blockchain technology to enhance financial services
Previous Partnership:
This is not the first collaboration between Ripple and Georgia. Last year, they announced a partnership for the CBDC pilot program.
Ripple’s Perspective:
Ripple’s James Wallis emphasized NBG’s leadership in exploring blockchain technology for economic digitization. He stated that the pilot project could pave the way for advancements in blockchain adoption within the public sector.
