Ripple, a real-time funds transfer system, signed an agreement with the Central Bank of Montenegro.
The two giants have decided to invest in developing a strategy for a digital currency made in Montenegro, in the form of a central bank digital currency or stablecoin.
Montenegro, despite not being part of the European community, has decided to adopt the euro as its currency.
Ripple’s vice president told that: “More details will be revealed later in the year.” J. Wallis added: “The project will go through several stages, including identifying the practical application of a digital currency or national stablecoin.”
Chiara Chiommino is a graduating student in science of communication with work’s experience in social media marketing and web marketing as Brand Manager for Italian Cigar Group SRL. She took part in an internship experience entitled "Il Metaverso" in Italy.