XRP

Montenegro to Join Hands with Ripple to Develop CBDC

  • Montenegro Prime minister announced CBDC pilot project in collaboration with .
  • The CEO of Ripple and Vice President James Wallis met with the nation’s Prime minister at WEF, Davos.
  • Ripple will collaborate with the nation’s central bank to develop the CBDC.

In its pursuit of a central bank digital currency (CBDC), the Baltic nation of Montenegro has enlisted the aid of Ripple, the crypto firm specializing in international money transfers. Montenegro’s Prime Minister Dritan Abazovi met with Ripple’s CEO Brad Garlinghouse and VP of central bank interactions and CBDCs James Wallis, at the World Economic Forum 2023 in Davos.

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