Business

Georgia preparing limited live CBDC pilot, considering Ripple among tech providers By Cointelegraph

[ad_1]

© Reuters.

The National Bank of Georgia (NBG) has announced that it will advance its research on a digital lari central bank digital currency (CBDC) in a limited-access live pilot environment. Nine companies, including Labs, will take part in the project, and one of them will be selected to move forward to the next stage of testing.

In a paper released in February, the NBG stated that it was considering a two-tier design for its CBDC, with wallets provided by a third party. It would be programmable and support asset tokenization.