Ukraine Speeds Up Digital Hryvnia Project, Plans Pilot for This Year

Ukraine Speeds Up Digital Hryvnia Project, Plans Pilot for This Year

Ukrainian authorities are speeding up the development of the electronic hryvnia, a high-ranking government official indicated. The executive power in Kyiv is now in talks with the central bank and businesses involved in the project to pilot the digital currency as early as this year.
Minister Says Ukraine Aims to Launch Digital Hryvnia Sooner Than Planned
Ukraine’s Ministry of Digital Transformation wants to step up efforts to finalize the development of the nation’s electronic hryvnia (e-hryvnia), its head Mykhailo Fedorov revealed in an interview. The initial plan was to start the pilot phase in 2024 but the government now wants do that this year.
The first blockchain transactions with the digital hryvnia have been already conducted, Fedorov told the business news portal RBC-Ukraine. “It is developing, I was recently presented with an electronic hryvnia based on the Stellar product,” the minister said.
In January, 2021, the department chose the Stellar Development Foundation

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