Central banks all over the world are exploring the possibilities of creating their own national digital currencies based on Bitcoin’s “blockchain” technology. This digital currency “movement” was first seen in Tunisia but has made its way to Ukraine, Senegal and Sweden.
Also read: Ukraine Bank Roadmap: Blockchain-Based Payments by Q4 2017
Ukraine Joins a Growing Number of Central Banks Considering Bitcoin Technology
Ukraine just joined a growing number of central banks getting in on the electronic money concept. As part of the nation’s Cashless Economy project, the National Bank of Ukraine (NBU) is to issue a blockchain-based digital version of the Hryvnia by next year. At first the currency will circulate alongside its physical version.
The move isn’t surprising, as NBU has in September stated it was “interested in further development of high-tech financial markets in Ukraine as it will positively influence the implementation of the Cashless Economy project”.
Riksbanken in Sweden, the