The Central Bank of Montenegro has signed an agreement with Ripple to develop a strategy and pilot program for a Montenegrin digital currency in the form of a central bank digital currency or a stablecoin. The project will go through several stages, including identifying the practical application of a digital currency or national stablecoin. A sandbox stage is planned to put the future digital currency into circulation under controlled conditions. The project will begin this month. Ripple has multiple CBDC projects ongoing around the world and is in dialogue with dozens of central banks globally.
(By DEREK ANDERSEN)
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