Montenegro Prime Minister Dr. Dritan Abazović reported on his meeting with Ripple’s CEO Brad Garlinghouse and VP for Central Bank Engagement and CBDCs James Wallis.
The meeting was focused on developing a payment infrastructure for greater financial accessibility and inclusion in Montenegro.
The country is working with Ripple and the Central Bank on a pilot project to build the first digital currency/stablecoin for Montenegro.
Partner at American law firm Hogan & Hogan, Jeremy Hogan, explained the possibility of a CBDC being issued on the XRP Ledger or used as a stablecoin in interaction with the XRP Ledger for fast, cheap and efficient cross-border transactions.
The Digital Euro Association announced a partnership with Ripple and noted Ripple’s experience with CBDCs, including its involvement in Bhutan’s central bank CBDC pilot.
