Ripple block chain-tech Company is a new partner who will help the government of Georgia to develop its central bank digital currency (CBDC).
New Georgia cryptocurrency (GEL) will help fast and easy cashless payments in the country. In process of selecting Crypto Companies, Ripple was one of technical excellence and experts in field of block-chain technologies says acting Governor of National Bank of Georgia, Natia Turnava.
National Bank of Georgia stated that it would prepare the project and its execution plan for the pilot program with Ripple. Several counties already have selected Ripple as partner in CBDC projects. Few new countries that have signed an agreement with Ripple are Palau and Montenegro to develop a national digital currency strategy.
Ripple stated that has discuss 20 new CBDC projects with other nations.