The currency was used in trials to settle payments between buyers and sellers.
Tascombank also highlighted its report suggesting the many benefits of using blockchain.
During the experimental phase of a proposal to create a currency using the Stellar network. Ukraine’s Tascombank attempted to pilot test an “electronic hryvnia.” According to a report released by the bank. The currency was used in trials to settle payments between buyers and sellers.
To clarify, the bank said in the paper that all transactions involving the new digital currency were conducted in compliance with the bank’s existing know-your-customer and anti-money laundering processes.
Leveraging Blockchain Tech
Tascombank also highlighted its report suggesting the many benefits of using blockchain. Such as greater security and confidentiality for user data, cheap costs, and high capacity. As well as transparency at all levels of circulation and between all participants in the transactions.
According to the repor
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