BAKU, Azerbaijan, Feb. 9
By Maryana Akhmedova – Trend:
The National Bank of Georgia (NBG) plans to put digital Georgian lari project in a test mode in the second half of this year, Papuna Lezhava, the Vice President of the NBG said, Trend reports via Georgian media.
At this stage, the NBG is looking for a partner company. The tender will be announced after determining the scale and format of the project, Lezhava said.
“The technology will most likely be blockchain based. We want the project to have a commercial character, so all parties will have an interest in developing the project and converting to digital currency at a later stage,” he added.
According to Lezhava, digital Georgian lari will be a cheaper and faster way to pay and will also eliminate the need for intermediaries.
Earlier, Lezhava said that the NBG has already met with about 100 technology companies regarding the project.
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