Yesterday the National Bank of Georgia announced that it selected Ripple as its technology partner for its central bank digital currency (CBDC) pilot.
“The committee selected Ripple due to its technical excellence and the expertise of its team,” said Natia Turnava, Acting Governor of the NBG.
Each country has different motivations for pursuing CBDC projects such as financial inclusion. However, that’s not a key driver for Georgia’s Digital GEL. On multiple occasions the National Bank has highlighted its interest in exploiting modern technologies. Hence, it’s particularly interested in the programmability aspect.
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