coingabbar.com
The Central Bank of Montenegro has signed an agreement with Ripple for the development of a strategy and pilot program for a Montenegrin digital currency in the form of a central bank digital currency or stablecoin. This agreement will start this month. Ripple is expanding into the field of Central Bank Digital Currency (CBDC).
Ripple Vice President James Wallis said that they are working on several CBDC projects around the world and are in talks with dozens of central banks about such projects. Montenegro began using the euro as its currency in 2002, even though it is not part of the eurozone. Using a CBDC or stablecoin would give him privacy and security while maintaining control over his currency.
