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San Francisco-based blockchain payment company has been selected by the National Bank of Georgia (NBG) to participate in the second testing phase of its digital GEL Central Bank Digital Currency (CBDC) project. The announcement was made on Friday by Antony Welfare, Ripple’s CBDC advisor, via the X platform.
Ripple is among nine companies that have been shortlisted based on their technological prowess and relevant experience. The NBG’s digital currency endeavor, known as the GEL CBDC project, aims to create a “Limited Access Live Pilot Environment”. This environment will be used to evaluate the technological capabilities of the CBDC system and explore its potential applications.
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