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National Bank of Georgia selects Ripple as technology partner for Digital Lari CBDC pilot

The National Bank of Georgia has chosen Ripple Labs Inc as its official technology partner for its Central Bank Digital Currency (CBDC) project, Digital Lari. Ripple's CBDC platform will be used to execute and deliver the Digital Lari pilot program, which will assess potential use cases for the CBDC. Ripple was selected after a rigorous selection process that shortlisted nine companies based on technological potential, maturity, capacity, relevant experience, and desire to join the project. Ripple has previously collaborated with other entities exploring CBDC implementation, such as Colombia's Central Bank.

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