Georgia Lists Nine Tech Providers Including Ripple and Bitt For its Next Stage CBDC Pilot The National Bank of Georgia
(NBG) has shortlisted nine companies to compete as technology partners for the nation's central bank digital currency (CBDC) project dubbed
Digital GEL.
The national bank of the Caucasian nation
announced Thursday that it will introduce “a Limited Access Live Pilot Environment” to test its CBDC on the technology capabilities
and other potential application areas via use cases.
“We are delighted to announce that after a long-lasting research stage and careful consideration, NBG has shortlisted 9 companies that have demonstrated sufficient technology potential, maturity, capacity, relevant experience, and desire to join our on-field exploration.”
San Francisco-based crypto payment giant
Ripple, digital asset management system Bitt, blockchain platform Broxus, and several fintech firms have been selected to participate
in the second phase of testing of its Digital GEL project.
Ripple’s CBDC advisor, Antony Welfare said that the Digital GEL is “entering a new stage” and the National Bank of Georgia is planning “to create a real pilot environment with limited access.”
