Ukraine Government Picks Stellar to Help Build National Digital Currency
The Stellar Development Foundation's work with Ukraine's government to digitize the hryvnia will officially launch this month.
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The Ministry of Digital Transformation of Ukraine has picked the Stellar Development Foundation (SDF) to develop its central bank digital currency project (CBDC). Ukraine Picks Stellar Foundation to Develop Its Central Bank Digital Currency and National Virtual Asset Strategy According to the official announcement, both parties signed a “Memorandum of Understanding” to deploy Ukraine’s crypto strategy. The National Bank of Ukraine has been exploring CBDC’s for some time, there are reports on the matter since 2016. The agreement will also strengthen the....
Stellar’s development arm will work with the Ukrainian government on several digital asset initiatives. The Stellar Development Foundation has signed an agreement with the Ukrainian government to facilitate the creation of a digital asset ecosystem, including a framework for a central bank digital currency, or CBDC. Ukraine's Ministry of Digital Transformation announced Monday that it has entered into a memorandum of understanding with the Stellar Development Foundation. The MOU outlines Ukraine's strategy for developing digital assets and CBDC infrastructure. This includes providing....
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. Related Reading | An Introduction To Stellar And XLM: Mission, Control, And Consensus Per a press release, the partners will test the CBDC’s use cases and its programmable capabilities. These will be leveraged to pay employees at a company called Diia, and to perform....
The decision to transition to electronic money was not entirely unexpected. Central banks all over the world are contemplating the concept of electronic money. Ukraine is on that list, and it looks like the Hryvnia will go digital in 2017. Additionally, there are big plans on the table to introduce blockchain technology in the country. One of the blockchain-based projects will focus on transferring state registers in Ukraine. Big changes will be coming to Ukraine’s economic ecosystem. Similarly to other countries around the world, there is a large focus on digitisation and blockchain....
Stellar Protocol's Stellar Build Challenge encourages developers to build applications using the platform and win attractive Lumen rewards. As the Stellar ecosystem continues to grow, creators of the blockchain based financial platform have decided to further strengthen the codes by leveraging the power of the crowd. The Stellar Protocol has announced the launch of its Stellar Build Challenge where they encourage the developer community to build new products on the platform. According to Stellar’s recent release, the Stellar Build Challenge will be divided into four categories – Anchors,....