• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Digitization of Georgia's Economy through Collaboration with Ripple and Tether

user avatar

by Giorgi Kostiuk

a year ago


The Republic of Georgia, previously a constituent of the Soviet Union, is advancing its economic digitization by potentially cooperating with Ripple and Tether. Representatives from the National Bank of Georgia (NBG) recently conferred with Ripple's executives, James Wallis and Anthony Welfare, to explore avenues for advancing the digitization of Georgia's economy. While specific details of the discussions were not disclosed, they signify a move towards integrating sophisticated blockchain solutions within the country's financial framework. Ripple, renowned for its expertise in digital cross-border payments, is slated to act as the technology partner for NBG's upcoming digital lari pilot project set to launch in 2023. Despite the importance of the meeting, XRP, the cryptocurrency associated with Ripple, witnessed a slight market reaction, showing a meager 0.22% decline on the daily trading chart. The collaboration between Ripple and NBG showcases Georgia's inclination towards leveraging technology for financial development. Additionally, Tether, another major player in the crypto sphere, entered into a memorandum of understanding with the Georgian government a year ago, aiming to establish Georgia as a hub for peer-to-peer and blockchain technologies to drive innovation and economic progress. The partnerships with Ripple and Tether underscore Georgia's practical approach to economic growth, indicating a promising trajectory for digital innovation in the country.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Exploring Zero Knowledge Proof Technology

chest

Zero knowledge proof technology allows for the confirmation of actions without revealing personal information.

user avatarSatoshi Nakamura

Gate Alpha Launches 25th Points Lottery for ADO Tokens

chest

Gate Alpha has launched its 25th Points Lottery, allowing participants to win ADO tokens by investing Alpha Points.

user avatarJesper Sørensen

Monad Blockchain Launches with Significant Token Surge

chest

The Layer 1 blockchain Monad has successfully launched, leading to an 80% surge in its native token MON.

user avatarRajesh Kumar

Bitcoin Price Indicates Possible Recovery Signs.

chest

Bitcoin's price recovery has slowed, but onchain data suggests a possible rebound as it enters a low-risk zone.

user avatarLucas Weissmann

Binance and Chainalysis Clash Over Illicit Crypto Activity Measurement

chest

Binance's claim of low illicit trading volumes is disputed by Chainalysis, highlighting differing methodologies in measuring crypto crime.

user avatarFilippo Romano

Concerns Over Bitcoin Centralization and Market Stability

chest

Concerns are growing about Bitcoin's centralization and market stability as 25% is held by institutions and 40% by whales, leading to fears of a potential market crash.

user avatarEmily Carter

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.