The National Bank of Ukraine is planning to launch digital hryvnia

Tuesday, April 20, 2021
The National Bank of Ukraine is planning to launch digital hryvnia

The main task before launching the digital national currency is to select areas for its introduction

According to Kirill Shevchenko, head of the National Bank of Ukraine, at this stage, the whole structure of the Bank is engaged in studying spheres for the future use of electronic Ukrainian currency.

“As colleagues say, you have to find the use-case, that is, the use case, find out where this e-mail will be more useful for citizens, market participants and the state. We are now working out a set of use-cases for Ukraine, determining where it will be useful to us, launched a poll», commented Kirill Shevchenko.

At present, the National bank of Ukraine is in the phase of active negotiations with market participants, consumers and" rel="dofollow">investors, calculate the scope of the potential request for electronic hryvnia.

“We are still talking to professional market participants: at the end of last year, our team launched a questionnaire and asked experts to answer a number of questions concerning six possible use-cases for e-hryvnia to determine the potential demand. They cover the areas of retail and corporate payments, targeted social transfers, securities settlements and even cross-border payments», added the head of the National Bank.

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