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Ukrainian bank uses Stellar to launch electronic hryvnia pilot
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Tascombank, one of the oldest commercial banks in Ukraine, is launching a Stellar-based pilot for Ukraine’s national fiat currency, the hryvnia.
The Stellar Development Foundation (SDF) announced on Tuesday a private electronic hryvnia pilot launched by Tascombank and fintech company Bitt.
The electronic hryvnia pilot is being implemented under the supervision of the National Bank of Ukraine and is supported by the Ministry of Digital Transformation (MDT).
Oleksandr Bornyakov, deputy minister of the MDT, said that the pilot project will provide a “technological basis for the issuance of electronic money” and is the “next key step to advance innovation of payment and financial infrastructure in Ukraine.”
SDF CEO Denelle Dixon told Cointelegraph
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