The objective of the project is to pilot the issuance of e-money on an open blockchain with asset-control capabilities for issuers
Ukrainian TASCOMBANK pilots e-hryvnia. Source: unsplash.com
Global fintech Bitt and TASCOMBANK, one of Ukraine’s oldest commercial banks, have launched a pilot project to issue an e-hryvnia on Stellar.
As part of the pilot, the cross-company team will test the electronic hryvnia on the use cases of programmable payroll for public employees at Diia, an IT solutions enterprise, as well as for P2P payments and merchant payments.
This pilot project will serve as 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
TASCOMBANK will build and test the regulated electronic hryvnia on Stellar, and it will be deployed on Bitt’s Digital Currency Management System (DCMS). Bitt’s DCMS encompasses a core monetary transaction network, a secure minting system, and a Digital Currency Operations Manager.
We’ve reported that BBVA Switzerland adds ETH to its crypto operations.
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