Educational workshop “Central Bank Digital Currencies and Blockchain Technologies” Held


26/04/2023

The educational workshop “Central Bank Digital Currencies and Blockchain Technologies” organised by the CBCG and the company Ripple was held today in Podgorica.


Brett Mollin, Ripple’s Technical Partner Director, Central Banks, led the workshop.


Welcoming representatives of Montenegro's Government, financial institutions, the IT community and universities, CBCG Vice-Governor Zorica Kalezić said that the CBCG, following the latest trends, was working on a pilot project for developing digital currency/stablecoin in cooperation with Ripple.


“Today’s workshop is an opportunity to involve the professional public in this state project from its beginning. As a supervisor and a holder of the financial education project, the CBCG expresses its gratitude to Ripple, which provided excellent lecturers on central banks’ digital currencies, blockchain technologies, and encryption,” said Vice-Governor Kalezić.


“The Central Bank of Montenegro is bringing the next level of digital transformation to its financial infrastructure and addressing some of the world’s biggest financial challenges, including financial inclusion. Ripple has a proven track record of successfully connecting disparate payment systems and championing blockchain’s utility to issue Central Bank Digital Currencies and solve for global payments to hundreds of financial institutions around the world. We are pleased to have started working with the CBCG to help launch its first digital currency and further address the country’s core financial objectives” said Joe Vollono, Ripple's Director for CBDC Business Development.


After the introductory lecture, representatives of Ripple answered numerous questions from the participants who showed great interest in digital currencies, blockchain technology and encryption methods.


During their stay in Montenegro, Ripple representatives will also hold several meetings with the CBCG and other competent institutions’ representatives.


The CBCG recently agreed to cooperate with Ripple to develop a strategy and implement a pilot programme for launching the country’s first digital currency - the central bank digital currency (CBDC) or national stablecoin. Today's educational workshop is the first step in the cooperation defined by the MoU and a continuation of CBCG’s strategic approach to financial education.