Georgia to Initiate a Pilot Program for Digital Currency

• Akansha Gupta
• January 17, 2023
• Crypto, News
• 0 Comments

• In the coming months, Georgia’s central bank plans to issue a whitepaper outlining the notion of a national digital currency.
• Georgia will initiate a digital Lari pilot program during the first half of 2023. The project’s goal is to digitize and simplify the use of the nation’s currency.
• Furthermore, it will lower the price of printing paper money, which probably involves several stages and ensures a faster and more secure exchange of funds.
•  Commercial banks and intermediaries, however, will not use the upcoming digital Lari pilot. This project is expected to have a favorable effect on Georgia’s economy.
• Many countries, including Australia, Thailand, Brazil, India, South Korea, Russia, and the United States, are adopting the digital currency.