The Deputy Prime Minister of Ukraine and the head of the country’s Ministry of Digital Transformation Mikhail Fedorov revealed possible early use cases of the country’s planned central bank digital currency (CBDC).
In a recent interview Publish Through the Ukrainian media agency TSN, the Minister revealed the Ministry’s consideration of testing CBDC through the use of electronic money in the payment of employee salaries:
“Frankly speaking, as one of the first pilots, we raised the issue of paying employees in the Digital Transformation Department with electronic hryvnia.”
Fedorov made these comments while demonstrating that the original reason for launching the electronic hryvnia was to focus on a small, controllable use case rather than deploying it for social payments. According to Fedorov, it is necessary to test CBDC to prevent improper use, so he called for employee salary payment as a viable pilot program for the national digital currency.
As Cointelegraph previously reportedAfter the Ukrainian legislature passed the new payment services law, the Central Bank of Ukraine was authorized to issue digital currencies.
The National Bank of Ukraine has Committed to creating and issuing digital currency In the past few years.The Digital Transformation Department also has some important participation in the CBDC field Cooperation with the Stellar Development Foundation Develop a joint strategy for CBDC and digital assets.
Using CBDC to pay government workers is usually one of the pilot implementation strategies of national digital currency projects.
In fact, among the few sovereign digital currencies that have been in circulation, several projects choose to pay national employees in CBDC.
As early as June, China, as one of the leading countries in the CBDC field, Launched a blockchain-based system Used for payment of wages in digital renminbi.