The National Bank of Ukraine has confirmed the beginning of a pilot project for a national blockchain payment system to begin early next year. The bank noted advantages of such a system including the provision of alternative solutions with minimal transaction costs and instantaneous transferals between parties. According to the bank, this is an important step in developing new financial services that will be based on distributed ledger technology.
The National Bank of Ukraine has confirmed the beginning of a pilot project for a national blockchain payment system to begin early next year. The bank noted advantages of such a system including the provision of alternative solutions with minimal transaction costs and instantaneous transferals between parties. The bank is also exploring opportunities to attract technical assistance from international funds and organisations.