Ripple has secured a strategic partnership with the National Bank of Georgia. This collaboration explores the practical applications of a central bank digital currency (CBDC) within the nation. Significantly, Rippleâs CBDC Platform will be the cornerstone for this initiative, marking a milestone in blockchain utilization in both public and private sectors.
The partnership emerged following a rigorous selection process conducted by the National Bank of Georgia. An expert committee, encompassing both internal and external specialists, was tasked with the pivotal decision. After a competitive two-stage evaluation â involving a detailed Project Execution Plan and technology demonstrations â Ripple emerged as the partner of choice. While the names of competing firms remain undisclosed, the emphasis was placed on Rippleâs technical prowess and the proficiency of its team. $XRP
