Pilot

Bank AI

James

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<p>San Francisco-based blockchain company Ripple has been <a href="https://ripple.com/ripple-press/national-bank-of-georgia-selects-ripple-as-key-partner-for-digital-lari-pilot-project/" rel="noopener noreferrer nofollow">selected</a> by the National Bank of Georgia (NBG) as its key collaborator for the Digital Lari (GEL) pilot project.&nbsp;</p>
<p>This tie-up is set to shape the next phase of digital currency development in Georgia.</p>
<h2 id="focusing-on-utility">Focusing on utility&nbsp;</h2>
<p>The collaboration between <a href="https://u.today/ripple-provides-major-update-on-xrp-case-versus-sec-heres-whats-next" rel="noopener noreferrer nofollow">Ripple</a> and NBG seeks to assess the former's CBDC technology for potential application within the Georgian economy.&nbsp;</p>
<p>This pilot will scrutinize its utility in serving diverse sectors, including the public sector, businesses, and individual consumers. Ripple's selection by the NBG was the outcome of a rigorous evaluation process.&nbsp;</p>
<p>The bank emphasized Ripple's comprehensive understanding of the project and its history of managing similar endeavors.&nbsp;</p>
<p>Ripple's James Wallis has recognized the proactive stance of NGB toward blockchain innovations in his statement.&nbsp;</p>
<h2 id="ripple-s-global-cbdc-endeavors">Ripple's global CBDC endeavors&nbsp;</h2>
<p>Ripple's <a href="https://u.today/ripple-joins-mastercard-alliance-for-cbdc-development" rel="noopener noreferrer nofollow">CBDC</a> platform has been designed to offer a cohesive solution for central banks and governments to navigate the intricacies of digital currency management.</p>
<p>This platform, which is underpinned by the XRP Ledger (XRPL), aims to simplify the creation, transaction, and governance of <a href="https://u.today/is-xrp-becoming-worlds-leading-platform-for-cbdcs" rel="noopener noreferrer nofollow">CBDCs</a>.&nbsp;</p>
<p>Apart from the recent Georgia commitment, Ripple has been involved in pilot ventures in nations <a href="https://u.today/ripples-cbdc-platform-to-be-used-by-four-countries-details" rel="noopener noreferrer nofollow">including</a> Bhutan, Palau, Montenegro, Colombia, and Hong Kong.</p>

Ripple Partners with National Bank of Georgia for Digital Lari Pilot

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