Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Stellar Forum => Topic started by: Power on January 05, 2021, 08:05:11 AM
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Ukraine’s government has chosen the Stellar blockchain network as a platform to build a central bank digital currency (CBDC).
Announced Monday, the Ministry of Digital Transformation of Ukraine and the Stellar Development Foundation (SDF) signed a Memorandum of Understanding to build out a “virtual assets ecosystem and national digital currency of Ukraine.”
The National Bank of Ukraine has been researching the possibility of CBDC implementation since 2017, and the Stellar partnership will now be the basis of its virtual currency development, according to Digital Transformation and IT Deputy Minister Oleksandr Bornyakov.
For more info: https://www.coindesk.com/ukraine-government-picks-stellar-to-help-build-national-digital-currency
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Stellar has seen the highest growth in the top 30 digital currencies ranking. XLM has skyrocketed 23% and continues to rally this morning as Ukrainian authorities have decided to use blockchain cryptocurrencies to issue their CBDCs. This provides for the creation of infrastructure and the launch of digital hryvnia, as well as stablecoins, as well as the use of blockchain technology in various business processes.
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The Ukrainian state is indeed a country full of conflicts and news raw materials whose political elements are very sad to be seen in various online media.
We can see that Ukraine has a case of a nuclear Chernobile explosion and various other crimes.
But for the problem of cryptocurrency, the Ukrainian government is very focused on developing this technology.
The proof is that the Ukraine and its government chose Stellar for their financial adoption in the future.
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That was big new for pump xlm now days xlm is so strong coin XLM was one of the first tokens to recover after this weekend's drop. That's a great sign that Stellar is getting a lot of attention. 2021 is going to be a great year. Keep hodling guys am also holding 10k i will sell at 1$ in few days xlm will touch 0.5$
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That was big new for pump xlm now days xlm is so strong coin XLM was one of the first tokens to recover after this weekend's drop. That's a great sign that Stellar is getting a lot of attention. 2021 is going to be a great year. Keep hodling guys am also holding 10k i will sell at 1$ in few days xlm will touch 0.5$
Hopefully I can buy also and sell it at a good price. Because xlm is also a good coin. Maybe next time xlm will become popular also just like, Ethereum, Bitcoin, ripple et cetera.
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I could not reach the details of this news fully. Will the Ukrainian government create a token in the stellar network? Or will it use stellar technology to create a coin of its own? I think there is technology cooperation. The price acted as if it were a token in the stellar network, rather than a collaboration. :)) nevertheless, congratulations to the stellar holders for their good choice. They had an excellent period and made good money.
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But I think the adoption of Stellar will be hindered because I see that Stellar is an unstable coin.
Ukraine is a country that definitely has a stable currency, if combined with an unstable Stellar coin it will be very dangerous.
Unless this Ukrainian state only adopts its system from Stellar and the coin price for those created from the Ukrainian state is stable.
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Ukraine’s government has chosen the Stellar blockchain network as a platform to build a central bank digital currency (CBDC).
Announced Monday, the Ministry of Digital Transformation of Ukraine and the Stellar Development Foundation (SDF) signed a Memorandum of Understanding to build out a “virtual assets ecosystem and national digital currency of Ukraine.”
The National Bank of Ukraine has been researching the possibility of CBDC implementation since 2017, and the Stellar partnership will now be the basis of its virtual currency development, according to Digital Transformation and IT Deputy Minister Oleksandr Bornyakov.
For more info: https://www.coindesk.com/ukraine-government-picks-stellar-to-help-build-national-digital-currency
That's nice decision from Ukraine government and i think this positive news will help the XLM for market raise up and at the same time another central banks will try to implement it. We need more positive news like that in whole crypto market so that market will boom.
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Ukraine’s government has chosen the Stellar blockchain network as a platform to build a central bank digital currency (CBDC).
Announced Monday, the Ministry of Digital Transformation of Ukraine and the Stellar Development Foundation (SDF) signed a Memorandum of Understanding to build out a “virtual assets ecosystem and national digital currency of Ukraine.”
The National Bank of Ukraine has been researching the possibility of CBDC implementation since 2017, and the Stellar partnership will now be the basis of its virtual currency development, according to Digital Transformation and IT Deputy Minister Oleksandr Bornyakov.
For more info: https://www.coindesk.com/ukraine-government-picks-stellar-to-help-build-national-digital-currency
That's nice decision from Ukraine government and i think this positive news will help the XLM for market raise up and at the same time another central banks will try to implement it. We need more positive news like that in whole crypto market so that market will boom.
Of course, as a citizen of Ukraine, I'm pleased with this agreement. But ... knowing the economic situation in the country, I think there will be no further development of the project.
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Note worthy is XLM being backed by Bill Gates Microsoft founder making it another trust and renown fact with great fees and fast confirmation times this choice comes as no surprise and this will reflect in XLM value if not alredy been reflected
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XLM is currently a popular currency in the crypto space. This currency is growing in popularity like other years. The popularity of old currencies is constantly increasing in the cryptocurrency market. XLM is one of the most popular in the cryptocurrency market. Whenever approves this currency for trading, its price will go up a lot. Such blockchain currencies continue to improve year after year. So the future of such coins is very bright.