{"id":70718,"date":"2022-11-29T12:23:33","date_gmt":"2022-11-29T10:23:33","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=70718"},"modified":"2025-09-08T03:53:17","modified_gmt":"2025-09-08T00:53:17","slug":"ukraine-unveils-concept-for-the-e-hryvnia","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ukraine-unveils-concept-for-the-e-hryvnia\/","title":{"rendered":"Ukraine unveils concept for the e-hryvnia"},"content":{"rendered":"<p>The National Bank of Ukraine (NBU) presented the <a href=\"https:\/\/bank.gov.ua\/ua\/news\/all\/natsionalniy-bank-predstaviv-uchasnikam-platijnogo-rinku-ta-rinku-virtualnih-aktiviv--proyekt-kontseptsiyi-e-grivni\" title=\"\u043f\u0440\u043e\u0435\u043a\u0442 \u043a\u043e\u043d\u0446\u0435\u043f\u0446\u0438\u0438\">\u043f\u0440\u043e\u0435\u043a\u0442 \u043a\u043e\u043d\u0446\u0435\u043f\u0446\u0438\u0438<\/a> \u0435-\u0433\u0440\u0438\u0432\u043d\u044b to participants in the virtual assets market, and to representatives of banks and financial institutions.<\/p>\n<p>The e-hryvnia is defined in the document as the &#8220;electronic form of Ukraine&#8217;s monetary unit,&#8221; issued by the NBU.<\/p>\n<p>The project describes the possible design of the asset, its architecture, characteristics and advantages for payment service providers.<\/p>\n<p>The NBU is considering several potential use cases for the e-hryvnia:<\/p>\n<ul class=\"wp-block-list\">\n<li>for retail cashless payments with the possibility of &#8220;programming&#8221; money: to carry out social payments, reduce administrative costs and monitor the targeted use of funds, and also to create smart contracts;<\/li>\n<\/ul>\n<ul class=\"wp-block-list\">\n<li>use in the area related to the turnover of virtual assets;<\/li>\n<\/ul>\n<ul class=\"wp-block-list\">\n<li>carrying out cross-border payments in a faster, cheaper and more transparent way.<\/li>\n<\/ul>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The development and implementation of the e-hryvnia will contribute to the digitalization of Ukraine&#8217;s economy, the further spread of cashless payments, reducing their cost, increasing their transparency, and enhancing trust in the national currency overall,&#8221; said Oleksiy Shaban, deputy chairman of the NBU.<\/p>\n<\/blockquote>\n<p>The central bank will continue developing the concept of the national digital currency in cooperation with market participants.<\/p>\n<p>Earlier, the NBU had been studying the possibility of launching its own CBDC. In 2017, the NBU reported the completion of a pilot project for issuing the e-hryvnia.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our Telegram \u2014 crypto news, rates and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Bank of Ukraine presented the e-hryvnia concept to participants in the virtual assets market and to representatives of banks and financial institutions.<\/p>\n","protected":false},"author":1,"featured_media":70719,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,590,16],"class_list":["post-70718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-nbu","tag-ukraine"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=70718"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70718\/revisions"}],"predecessor-version":[{"id":70720,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70718\/revisions\/70720"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/70719"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=70718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=70718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=70718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}