Georgia selects Ripple as key partner for its Digital Lari pilot project
Georgia’s central bank has partnered with Ripple to pilot the country’s CBDC project, Digital Lari (GEL). The National Bank of Georgia picked Ripple as its technology partner and will jointly…
Deutsche Bank and Standard Chartered pilot SWIFT alternative for digital currencies
Deutsche Bank and Standard Chartered test Universal Digital Payments Network (UDPN) for digital currency transactions. UDPN connects blockchain networks, facilitating seamless transactions between stablecoins and CBDCs. UDPN, with 25 participating…
Sberbank to join Russian Central Bank’s Digital Ruble pilot
Russia’s largest bank, Sber, is set to play a vital role in CBDC testing. Sberbank operates several tech solutions including Okko streaming, Citymobil taxi, SberSound, and SberMarket. Russia’s digital currency…
Shinhan Bank, SCB TechX pilot cross-border stablecoin payments on the Hedera
Shinhan Bank and Siam Commercial Bank’s SCB TechX recorded real-time, low-cost remittances. The pilot on the Hedera network involved cross-border stablecoin payments using South Korean won (KRW), the Thai Baht…
Japan set to launch its digital yen pilot
Japan has been conducting proof-of-concept (PoC) experiments on its CBDC for the last two years. The Japan central bank now says that the project is now set for a pilot…