Ripple, a San Francisco-based payments firm, is collaborating with the National Bank of Georgia (NBG) to modernize the local economy. Acting governor Natia Turnava and Varlam Ebanoidze, the head of the NBG’s tech development department, recently met with Ripple executive James Wallis to discuss enhancing financial technology cooperation, as per a LinkedIn post from June 8.

During their visit to Tbilisi, Acting Governor of the National Bank of Georgia, Natia Turnava, and Varlam Ebanoidze, Head of the Financial and Supervisory Technology Development Department, engaged in discussions with James Wallis, Vice President of Ripple, and Alistair Brown, Vice President of EPAM Systems. The primary focus was to explore potential opportunities for collaboration in digitizing the Georgian economy. Ripple is the technological partner for the NBG’s pilot project on the digital lari, the national currency of Georgia.

This is not the first interaction between Ripple and Georgia. Last autumn, Ripple announced a partnership with NBG to pilot the country’s new central bank digital currency (CBDC) program. James Wallis, vice president of central bank engagements at Ripple, expressed, “The National Bank of Georgia is at the forefront globally in exploring the use of blockchain technology to transition its economy into the digital age. Through the Ripple CBDC Platform, this pilot project will lead to significant advancements in utilizing blockchain technology in the public sector.”

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