The Ministry of Digital Transformation of Ukraine supported the project of a private stablecoin on the Stellar blockchain, developed by a local bank.
TASKOMBANK, the oldest commercial bank in Ukraine, is launching a pilot project for digital hryvnia on the Stellar blockchain. The project will be controlled by the National Bank of Ukraine and the Ministry of Digital Transformation.
The Deputy Minister said that the pilot project will provide “a technological foundation for issuing electronic money” and “will be the next step towards innovation in the payment sector of Ukraine.”
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
According to cointelegraph.com
You May Also Like
Naples will launch its own cryptocurrency
The mayor of Naples wants to launch an autonomous municipal cryptocurrency as a counterweight to the “rotten euro” in order to free himself from Northern control over the southern cities of Italy.
Mastercard is ready to work with central bank cryptocurrencies
A senior Mastercard executive said the company is open to national digital currencies issued by central banks, the Financial Times reported. Mastercard believes that a national cryptocurrency will provide the secure and easy payment method that decentralized cryptocurrencies provide, but with less volatility.
