Among the countries that cooperate with Ripple in the development of central bank digital currencies are Georgia, USA, Bhutan, Palau, Montenegro, Colombia. Each country is partnering with Ripple on a separate initiative.
For example, in Georgia, work is underway on the Digital Lari pilot project, which is aimed at strengthening the financial sector. And in the US, Ripple is helping with the development of the digital dollar. Ripple plans to take a leadership position in the development of digital currency around the world, and make its transactions as fast and secure as possible. In addition, the company focuses on environmental friendliness, introducing technologies that require less energy consumption.
The concept of digital currencies and their introduction at the state level causes a lot of controversy among citizens. Some believe that in this way the state will be able to gain greater control over the finances of the country’s residents and thus jeopardize the concept of financial privacy.