• Ripple has become the official technology partner for the CBDC project in Georgia.
• The decision followed a competitive selection process with eight other tech firms.
• Ripple already works with five other central banks on CBDC pilot programs and is in discussions with over 20 countries for similar initiatives.

The San Francisco-based blockchain technology firm Ripple has become the official technology partner for the central bank digital currency (CBDC) project to be unfolded in the Republic of Georgia.

Antony Welfare, Ripple’s CBDC Strategic Advisor, disclosed the development in a recent tweet, noting the official communication from the National Bank of Georgia (NBG), the apex bank of the country.

The statement read: “Ripple, one of the world’s leading technology companies, becomes the Technology Partner for the National Bank of Georgia’s Digital GEL Pilot Project.” 

The post Georgia National Bank Picks Ripple as CBDC Tech Partner Out of 9 Firms appeared first on Coin Edition.

• Ripple has become the official technology partner for the CBDC project in Georgia.
• The decision followed a competitive selection process with eight other tech firms.
• Ripple already works with five other central banks on CBDC pilot programs and is in discussions with over 20 countries for similar initiatives.

The San Francisco-based blockchain technology firm Ripple has become the official technology partner for the central bank digital currency (CBDC) project to be unfolded in the Republic of Georgia.

Antony Welfare, Ripple’s CBDC Strategic Advisor, disclosed the development in a recent tweet, noting the official communication from the National Bank of Georgia (NBG), the apex bank of the country.

The statement read: “Ripple, one of the world’s leading technology companies, becomes the Technology Partner for the National Bank of Georgia’s Digital GEL Pilot Project.” 

The post Georgia National Bank Picks Ripple as CBDC Tech Partner Out of 9 Firms appeared first on Coin Edition.