National Bank of Georgia Collaborates with Ripple for Enhanced Financial Services

Ripple has just joined forces with the National Bank of Georgia with initiatives that promise to change the country’s economic landscape.

At the heart of this is the Digital Lari Lori project, a very ambitious move aimed at creating Georgia’s central bank digital currency (CBDC).

Ripple’s advanced CBDC platform, with its robustness and efficiency, is set to serve as the technological backbone for this initiative.

The project’s goal is to assess the utility of Ripple’s technology across various sectors, including public services, businesses, and individual consumers.

See also: SEC And Ripple Case: SEC targets Ripple for $2.6B fine

A pivotal meeting in Tbilisi brought together key figures from Ripple and the NBG to discuss the future of Georgia’s digital economy.

Ripple’s Vice President, James Wallis, and EPAM Systems’ representative, Alistair Brown, met with Natia Turnava, the acting governor of the NBG, and Varlam Ebanoidze, head of the bank’s Financial and Supervisory Technology Development Department.

The discussions centered on potential collaborative efforts to enhance the digitalization of the Georgian economy and exploring avenues for collaboration in digitalizing the Georgian economy.

See also: Breaking News On The Ripple Court Case and It’s Potential Impact On The Price Of XRP

Notable individuals who played a role in the meeting between the National Bank of Georgia and Ripple which held on June 8th include: 

• James Wallis, Ripple’s Vice President of Central Bank Engagements

• Alistair Brown, Representative of Ripple’s partner EPAM Systems

• Natia Turnava, Acting Governor of the National Bank of Georgia

• Varlam Ebanoidze, Head of the NBG’s Financial and Supervisory Technology Development Department

View and extensive report of this news article on the Linkedin page of the National Bank of Georgia.

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