Ripple, the prominent blockchain company and largest holder of XRP, is expanding its collaboration with the Republic of Georgia to digitize the local economy.
In partnership with the National Bank of Georgia (NBG), this initiative marks a significant step toward establishing a fully digital financial system in the country.
On June 8, a high-level meeting took place between Natia Turnava, Acting Governor of the NBG, Varlam Ebanoidze, Head of the Bank’s Financial and Supervisory Technology Development Department, and James Wallis, Vice President of Central Bank Engagements at Ripple.
XRP 7-day price chart. Source : Finbold
Despite a recent 3.60% decrease in value, trading at $0.48, the ongoing collaborations and advancements in CBDC projects are likely to boost investor confidence in XRP, potentially leading to positive market performance.
Additionally, some analysts predict a rise in XRP’s value if BRICS countries consider adopting it.
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