Cryptocurrency

05/06/19 07:19 UTC-4

National Bank of Ukraine is exploring the possibility of issuing electronic hryvnia

National Bank of Ukraine is exploring the electronic hryvnia
National Bank of Ukraine is exploring the electronic hryvnia

As part of studying the possibility of operating its own digital currency, the NBU issued a limited amount of electronic hryvnia, – reported National Bank of Ukraine.

 

The project for the implementation of electronic hryvnia

As part of the testing of the blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
platform, a limited amount of e-hryvnia was released, operations using which were tested by working groups with the participation of the NBU, volunteer companies and the World Bank.

Interesting in the section: Waltonchain and the development of Internet things

The NBU noted: "The advantages of e-hryvnia are ease of use, accessibility, security (redemption and payments are guaranteed by the National Bank) and the speed of payments."

At the end of 2016, the NBU launched a research project on the implementation of electronic hryvnia at the heart of the blockchain technology. The aim of the project was to minimize the risks and speed of sending transactional transfers from one participant in the Ukrainian payment market to another.

To study the possibilities of functioning of the introduction of the new technology, the NBU issued a limited amount of electronic hryvnia. "It is difficult to predict how many citizens of Ukraine will become users of e-hryvnia if they decide to implement it on a national scale. E-hryvnia cannot be introduced without significant investments and time to modernize the payment infrastructure and popularize e-hryvnia as a new tool for the population consumer habits", – stressed in the National Bank.

Editor: Alyona Nabok

See also: "Zilliqa breakthrough: ZIL outperforms Bitcoins by 18%"

#NBU #NationalBank #Ukraine #blockchain #cryptocurrency #hryvnia

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