Analysis Today TheBitTimes.com

The National Bank of Georgia (NGB) is develop ing the digital GEL and is searching for a suitable partner .  NGB plans to launch a Limited Access Live Pilot Environment through various use cases to test the technology capabilities and potential application areas of the Central Bank Digital Currency (CBDC) system.  You might also like: Tether signs MOU with Georgia for bitcoin, web3, and P2P development After extensive research, NGB has shortlisted nine competing companies to work with the bank to develop the digital GEL. These companies include AUGENTIC GmbH, Bitt Inc., Broxus Holdings Ltd., Currency Network Ltd., DCM Corp Limited, eCurrency Mint Inc., FARI Solutions Ltd., Ripple Labs, Inc., and Sovereign Wallet Co., Ltd. Once the current selection process is complete, NGB will choose only one of the nine shortlisted companies to work on develop ing the digital GEL and the Limited Access Live Pilot Environment.  Georgia hosts crypto entrepreneurs and ...

Ripple is pressing forward by partnering with Banco de la República, Colombia’s central bank, to probe the potential applications of blockchain technology in the financial sector, and a CBDC. Amid a two-year-long battle with the U.S. Securities and Exchange Commission (SEC), Ripple hasn’t missed a beat in progressing its network. The SEC accused Ripple of treating XRP, its native token, as a security. Nonetheless, the lawsuit didn’t deter Ripple’s ability to grow. Recent development s highlight Ripple’s partnership with Colombia’s central bank, Banco de la República, signifying its ongoing commitment to exploring and innovating blockchain technology applications. BOOOOOOOOOOOOOM !!!! #RIPPLE partners with CENTRAL BANK OF COLOMBIA to build CBDC based upon the #XRPL #XRP to take over the FINANCIAL SYSTEM pic.twitter.com/VvQ63UxciI — EDO FARINA 🅧 XRP (@edward_farina) June 15, 2023 Banco de la República, together with the Ministry for th...