Dr. Dritan Abazovi, who serves as the Prime Minister of Montenegro since 28th April, 2022, recently talked about a meeting he had with two high ranking Ripple executives.
Small countries like Montenegro generally lack the most basic necessities, including things like physical and human capital, a problem that is becoming more acute as technology advances. Their governments usually struggle to support innovation so policymakers must consider everything which affects the accumulation of all types of capital in order to design, implement, and coordinate viable policies.
On January 18th, 2023, reports started surfacing about the aforementioned meeting which involved Ripple CEO Brad Garlinghouse and Ripple VP for Central Bank Engagements and CBDCs, James Wallis. The discussion focused on the creation of a payment infrastructure which could boost financial accessibility and inclusion.
The local government is therefore open to new value and investment categories, a mindset which culminated in the launch of a pilot project with Ripple and the Central Bank to create the very first digital currency or stablecoin for the country.
New Digital Currency To Be Created For Montenegro Via Ripple Partnership
Subscribe to the CryptoWeekly Newsletter
Get the top stories, funding deals, technical analysis, cryptocurrency jobs and much more delivered to your inbox, every Monday morning.
September 16,2024
Worldcoin Being Investigated By Singaporean Authorities For Potentially Violating Regulations
September 16,2024
Flappy Bird May Be Revived In Web3 Format Despite Original Creator Not Being Involved
September 16,2024
Web3 Fundraising Deals - 10th To 16th September, 2024
September 15,2024
BTC Finally Starts To Recover As Total Crypto Market Cap Up By $70 Billion
September 14,2024
Coinbase Wrapped BTC Reaches Impressive Milestone In Just 24 Hours
September 13,2024
United States SEC Admits Several Cryptocurrencies Are Not Securities
September 13,2024
OpenAI Releases New AI Model Series To Support Smart Contract And Blockchain Capabilities
September 12,2024
Inaugural Congressional Hearing About DeFi Takes Place
September 12,2024
Cardano Hits New Network Milestones As Hoskinson Debunks Faulty Staking Claims
September 11,2024
Nucoin Will Be Discontinued As Holders Given Option To Convert To BTC Or USDC
September 11,2024
PayPal And Venmo Will Integrate Ethereum Name Service For Crypto Transfers
September 10,2024