Ukraine Commercial Bank Will Test Digital Currency On Stellar Network

Key Points:

• Tascombank is one of Ukraine’s oldest commercial banks and has plans to test a digital version of hryvnia, which will be built and tested on the Stellar network

• Stellar offers a whitepaper to central banks considering Central Bank Digital Currencies (CBDCs) and was built with this use case in mind. White paper download page

• The testing process will start with the effectiveness in the areas of payroll, merchant, and peer-to-peer (p2p) payments

  • The pilot is expected to get started in 2022 and to be conducted in the shortest reasonable time