Ripple Strengthens Partnership with National Bank of Georgia to Digitize Local Economy
Ripple, a major cryptocurrency firm, is strengthening its collaboration with the Republic of Georgia by exploring ways to digitize the local economy in partnership with the National Bank of Georgia (NBG).
Ripple continues to deepen its CBDC collaboration with the Republic of Georgia by exploring ways to digitize the local economy.
On June 8, Natia Turnava, Acting Governor of the National Bank of Georgia, and Varlam Ebanoidze, Head of the Financial and Supervisory Technology Development Department, met with James Wallis, Vice President of Central Bank Engagements at Ripple. The meeting focused on enhancing cooperation in financial technology and digitalization.
In a LinkedIn post, the NBG officially announced the meeting, where Wallis introduced Georgian officials to Alistair Brown from EPAM Systems, a key partner of Ripple. EPAM Systems, headquartered in Newtown, Pennsylvania, is known for its expertise in software engineering, digital platform engineering, and digital product design. The company’s name stands for “Effective Programming for America.”
Wallis expressed his appreciation, stating,
“It was an honor to be back in Tbilisi and to introduce Alistair Brown from our partner EPAM Systems to NBG Acting Governor Natia Turnava.”
The meeting discussed potential collaboration opportunities to further the digitalization of Georgia’s economy. This initiative builds upon the existing partnership between NBG and Ripple, where Ripple serves as the technological partner for NBG’s pilot Central Bank Digital Currency (CBDC) project, the digital ari.
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