Ripple Selected by National Bank of Georgia for Digital GEL Pilot Project

San Francisco-based blockchain payment company Ripple has been chosen 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 one of nine companies selected for their technological expertise and relevant experience. The NBG’s project, known as the GEL CBDC endeavor, aims to establish a "Limited Access Live Pilot Environment" to assess the technological capabilities of the CBDC system and explore its potential applications.

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