The Prime Minister of Montenegro, Dr. Dritan Abazović, reported on his meeting with Ripple’s CEO, Brad Garlinghouse, and VP of Central Bank Engagements and CBDCs, James Wallis.

The meeting focused on the development of a payment infrastructure to provide greater financial accessibility and inclusion in the country.

A pilot project was launched with Ripple and the Central Bank of Montenegro to build the country’s first digital currency or stablecoin.

The XRP Ledger could be used in various ways with central bank digital currencies, such as being issued as an IOU on top of XRPL, being accessible through a “gateway” on the XRPL or being pegged to XRP as a stablecoin.

The Digital Euro Association recently announced a partnership with Ripple, a provider of blockchain-based infrastructure for central bank digital currencies.