How Stellar Will Host Ukraine's CBDC Pilot Test With Tascombank

www.newsbtc.com

The Stellar Development Foundation (SDF) has been working with the Ukrainian government on their national Central Bank Digital Currency (CBDC) for a while. The collaboration has started to produce results as the SDF, Bitt, and TASCOMBANK recently deployed a pilot project for the electronic hryvnia on this network.

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Timeline of Stellar


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Ukraine's Electronic Currency Program Launched On Stellar - Crypto Daily

The pilot program will test the viability of the electronic hryvnia (Ukraine's currency), which will be launched by TASCOMBANK and Bitt on the Stellar blockchain. TASCOMBANK To Build Pilot e-Hryvnia Both Bitt and TASCOMBANK are Ukraine's oldest commercial banks.


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StellarXLM$0.124800

Ukraine's central bank to run a CBDC trial on the Stellar blockchain - Invezz

Tascombank, one of the oldest commercial banks in Ukraine, is readying to test a central bank digital currency (CBDC) under the supervision of the National Bank of Ukraine (NBU). A report unveiled this news earlier today, noting that Tascombank joined hands with global fintech platform Bitt in this trial. Reportedly, the electronic hryvnia will be The post Ukraine's central bank to run a CBDC trial on the Stellar blockchain appeared first on Invezz.


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The XLM price prediction


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The development of the cryptocurrency market has only increased the manifestation of problems in centralized trading platforms. The main ones are: Regular attacks by hackers; Owner fraud; Attacks from government regulators; Lack of access to users' wallets. This pushes developers to create distributed exchange trading platforms. The Stellar project should provide users with free, secure...


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