Sergey Fedotov, a Ukrainian banker with over 20 years of experience, has announced the launch of a banking platform for issuance of e-money that will be completely based on blockchain technology. The platform is said to become a full-fledged alternative to systems like Visa and MasterCard, and will provide banks with all functions necessary to run their operations.
The system’s code will be open sourced, while the platform itself is said to be in full compliance with Ukraine’s legislation.
With the aim of developing the platform, Attic Lab was founded in early 2016 with Sergey Vasilchiuk taking the role of the company’s CEO, and Sergey Fedotov being the anchor investor. Distributed Lab, a Ukrainian blockchain company known for creating a decentralized auction system, is Attic Lab’s another co-founder and has developed the platform’s crypto core.