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Georgia National Bank Chooses Ripple for Digital Lari Project

The National Bank of Georgia (NBG) has been proactive in adapting to technology and innovations. It has been announced that the payment platform Ripple Labs Inc. has been chosen to make progress in the Central Bank Digital Currency (CBDC) project, Digital Lari. Ripple made a statement regarding the matter and announced that the pilot program and implementation of Digital Lari will be carried out and presented using the Ripple CBDC Platform. The new CBDC platform will be used to identify potential use cases for Digital Lari for the public sector, businesses, and individual users. During this process, Ripple underwent a rigorous review by the institution before being chosen by the NBG.

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