“We chose Ripple as the official technology partner for Digital Lari (GEL) after a thorough analysis of the proposals of all participants in the competition list,” assured First Vice President of the National Bank Natia Turnava.
The Ripple CBDC platform is distinguished by its ability to provide central banks, financial institutions and governments with comprehensive solutions, the NBG explains the choice. It was taken into account that the Ripple team has expertise in creating CBDC platforms and is already participating in five pilot programs together with governments and central banks of several countries.
Earlier, Ripple CEO Brad Garlinghouse told reporters that the company does not support cryptocurrency maximalism and recognizes the merits of all digital assets.
Source: Bits
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