Ripple Expands CBDC Collaboration with the Republic of Georgia
How is Ripple Strengthening Its Bond with Georgia?
Ripple, a major cryptocurrency firm, is expanding its collaboration with the Republic of Georgia to explore ways to digitize the local economy in partnership with the National Bank of Georgia (NBG).
Key Meetings to Enhance Cooperation
Ripple’s James Wallis next to EPAM’s Alistair Brown with NBG’s Varlam Ebanoidze and Natia Turnava (from left to right). Source: NBG
Natia Turnava, acting governor of the NBG, and Varlam Ebanoidze, head of the bank’s financial and supervisory technology development department, recently met with James Wallis, Ripple’s vice president of central bank engagements. This meeting aimed to enhance cooperation in financial technology and digitalization.
Ripple’s James Wallis (left) and EPAM’s representative Alistair Brown. Source: NBG
Official Announcement
The Georgian central bank announced the meeting on LinkedIn on June 8. During the meeting, Wallis introduced the Georgian officials to Alistair Brown from EPAM Systems, a partner of Ripple.
“It was an honor to be back in Tbilisi and to introduce Alistair Brown from our partner EPAM Systems to NBG Acting Governor Natia Turnava,” Wallis commented.
About EPAM Systems
EPAM, based in Newtown, Pennsylvania, specializes in software engineering services, digital platform engineering, and digital product design. The name "EPAM" stands for “Effective Programming for America.”
Building on an Existing Partnership
The recent discussion focused on exploring further collaboration opportunities to digitalize Georgia’s economy. This new collaboration builds on an existing partnership between the NBG and Ripple.
The Digital Lari Project
The NBG and Ripple have been working together on the digital lari, a central bank digital currency (CBDC) project. In September 2023, the NBG announced its plans to advance CBDC research and invited nine companies, including Ripple Labs, to participate in the digital lari project. Ripple Labs was eventually chosen as the official technology partner for developing the digital lari.
Through this continued partnership, Ripple and the Republic of Georgia are taking significant steps towards the digital transformation of the local economy.
Also Read
Ethereum ETF Poised to Steal 20% Of Bitcoin ETF’s Money Flow, Here’s Why
Ripple News: XRP Healthcare Appoints M&A Veteran Lynn to Lead African Expansion
Crypto Market Crash Alert? Expert Warns of BRUTAL Recession Risk by 2024
Binance Eyes Global Expansion: Korea, UAE, Asia, & More!
Ripple vs SEC: Current Status and What to Expect Nex
Orbit Chain Hacked for $48 Million: Here’s What Happened
Is Altseason on the Horizon? Analyst Issues Grave Warning Calling for Trend Reversal
CZ Becomes Richest US Inmate as Binance Userbase Explodes to 200 Million!
Any Feedback?
Get in touch with us here