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Taskcombank launched a pilot for the issue of e-hryvnia based on Stellar

by Vaibhav
December 14, 2021
in News
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Taskcombank launched a pilot for the issue of e-hryvnia based on Stellar
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The Ukrainian Taskcombank in partnership with Bitt launched a pilot project of an electronic hryvnia based on the Stellar blockchain. About it reported Stellar Development Foundation (SDF)

The goal of the initiative is to pilot the emission of electronic money on an open blockchain with the ability to manage assets for issuers.

As part of the pilot, e-hryvnia will be tested when paying salaries to employees working on the state service “Diya”, as well as in peer-to-peer and trade payments.

The Chairman of the Board of Tascombank, Vladimir Dubey, said that this cooperation will allow combining the banking system with blockchain-based infrastructure and creating an ecosystem that “includes a full range of banking products and transactions with electronic currency on the Stellar blockchain.”

The project is being implemented under the supervision of the National Bank and with the support of the Ministry of Digital Industry of Ukraine.

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Recall that in December 2020, the Ministry of Digital and SDF signed a memorandum of cooperation in the field of virtual assets. In July 2021, SDF joined the Association of Ukrainian Banks.

On June 30, the Verkhovna Rada adopted the Law “On Payment Services”, which, among other things, regulates the general principles of issuing digital currencies by central banks. In July, it was signed by the President of Ukraine, Volodymyr Zelensky.

In September, the National Bank announced the possible launch of a pilot for paying salaries to employees of the Ministry of Digital Finance in e-hryvnia this year.

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The Ukrainian Taskcombank in partnership with Bitt launched a pilot project of an electronic hryvnia based on the Stellar blockchain. About it reported Stellar Development Foundation (SDF)

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The goal of the initiative is to pilot the emission of electronic money on an open blockchain with the ability to manage assets for issuers.

As part of the pilot, e-hryvnia will be tested when paying salaries to employees working on the state service “Diya”, as well as in peer-to-peer and trade payments.

The Chairman of the Board of Tascombank, Vladimir Dubey, said that this cooperation will allow combining the banking system with blockchain-based infrastructure and creating an ecosystem that “includes a full range of banking products and transactions with electronic currency on the Stellar blockchain.”

The project is being implemented under the supervision of the National Bank and with the support of the Ministry of Digital Industry of Ukraine.

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Recall that in December 2020, the Ministry of Digital and SDF signed a memorandum of cooperation in the field of virtual assets. In July 2021, SDF joined the Association of Ukrainian Banks.

On June 30, the Verkhovna Rada adopted the Law “On Payment Services”, which, among other things, regulates the general principles of issuing digital currencies by central banks. In July, it was signed by the President of Ukraine, Volodymyr Zelensky.

In September, the National Bank announced the possible launch of a pilot for paying salaries to employees of the Ministry of Digital Finance in e-hryvnia this year.

Subscribe to Cryplogger news on Telegram: Cryplogger Feed – the entire news feed, Cryplogger – the most important news, infographics and opinions.

Found a mistake in the text? Select it and press CTRL + ENTER

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