{"id":907,"date":"2023-01-31T08:09:14","date_gmt":"2023-01-31T08:09:14","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=907"},"modified":"2023-01-31T08:09:18","modified_gmt":"2023-01-31T08:09:18","slug":"montenegro-and-ripple-partner-on-cbdc-pilot-project","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/montenegro-and-ripple-partner-on-cbdc-pilot-project\/","title":{"rendered":"Montenegro and Ripple Partner on CBDC Pilot Project"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Montenegro&#8217;s Prime Minister, Dritan Abazovi, said on Twitter that his country is working with Ripple to create a digital currency. At Davos, Abazovi met with vice president James Wallis and CEO Brad Garlinghouse of Ripple.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Abazovi&#8217;s speech was about a central bank digital currency (CBDC). He said, \u201cIn cooperation with @Ripple and the Central Bank, we launched a pilot project to build the first digital currency or stablecoin for Montenegro.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Since 2002, the country has not used its own currency, instead opting to use the Euro. As a result, this is an auspicious step forward for the country&#8217;s domestic digital currency. Thus yet, the Prime Minister&#8217;s use of Twitter has been limited to confirming the existence of a joint effort to initiate a CBDC test program.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The government of Montenegro has been trying for months to establish a foothold in the cryptocurrency market. A \u201cFuture Now\u201d panel was conducted in April, and Ethereum co-creator Vitalik Buterin was among the speakers. It was then that Buterin supposedly received Montenegrin citizenship, sparking a lot of speculations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While coverage of the partnership with Ripple was extensive in local media shortly after its announcement on January 18, it took a couple of days for the news to spread worldwide.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Montenegro&#8217;s Prime Minister, Dritan Abazovi, said on Twitter that his country is working with Ripple to create a digital currency. At Davos, Abazovi met with vice president James Wallis and CEO Brad\u2026<\/p>\n","protected":false},"author":9,"featured_media":908,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_cmn_meta_desc":"","_cmn_primary_category":0,"_cmn_noindex":"","footnotes":""},"categories":[24,43],"tags":[],"class_list":["post-907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-general-news"],"_links":{"self":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/comments?post=907"}],"version-history":[{"count":1,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/907\/revisions"}],"predecessor-version":[{"id":909,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/907\/revisions\/909"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/media\/908"}],"wp:attachment":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/media?parent=907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/categories?post=907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/tags?post=907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}