Georgia National Bank has partnered with Ripple to conduct a pilot for its Central Bank Digital Currency (CBDC), called Digital Lari. Ripple was chosen as the technology provider due to its expertise in the sector and previous pilot deployments. The partnership aims to explore use cases and benefits for the public sector and businesses. The collaboration between Ripple and the Bank of Georgia will leverage Ripple's CBDC platform to offer use cases for various customer segments. This move is expected to drive innovation in the country's financial sector and improve local and cross-border monetary settlements. Ripple is currently in talks with multiple countries to partner in their CBDC pilot programs.
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