Support for Ripple (XRP) from the Central Bank of Georgia!

While a rise is observed in Bitcoin and altcoins, Ripple continues to expand.

In this context, the latest news came from Ripple and Georgia.

According to the statement made by the National Bank of Georgia (NBG), Ripple has been selected as a potential technology partner for the second Federal Reserve Digital Currency (CBDC) pilot project.

“NGB continues to move forward with the CBDC project and will offer a Limited Access Live Pilot Environment to test CBDC system technology capabilities and potential application areas.

After extensive research and evaluation, NBG shortlisted nine companies with the required technology potential, maturity, capacity, relevant experience and strong commitment to the project.

These companies include AUGENTIC GmbH, Bitt Inc., Ripple Labs, Inc. and others took part.

“Upon completion of the selection phase, NBG will identify a single technology partner who will move into the pilot phase to test the CBDC platform in a limited-time live environment and evaluate practical use cases.”

The inclusion of Ripple among potential partners by the National Bank of Georgia was interpreted as an indication of its increasing importance in the CBDC field and that its collaborations with central banks around the world will increase day by day.

While XRP was traded at $0.537 with an increase of 6.81% in the last 24 hours, it experienced an increase of up to 8% in the last hour.

*This is not investment advice.