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  • Writer's pictureLiudmila Nevidoma

Ukraine Bank Mulls Blockchain Implementation After Stellar Pilot Run

TASCOMBANK, a major Ukrainian commercial bank, is mulling over the use of blockchain technology following the completion of a pilot. The bank used the Stellar network in the pilot and noted several advantages.

One of Ukraine’s oldest commercial banks, TASCOMBANK, has recommended using blockchain technology after using the Stellar (XLM) network for an electronic money pilot. The bank conducted a pilot related to decentralized technology and recommended the “adoption of to transform the payment landscape of Ukraine.”

Ukraine Turns to Crypto As Individuals and Companies Chip In

As Ukraine has been defending itself from a Russian invasion, it has been turning to cryptocurrencies to support its efforts. Several individuals and groups in the crypto community have come together to aid Ukraine. It received $54 million in cryptocurrency as of August 2022, while the NFT sector has also been a contributing factor.

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