Ukrainian e-bank plans to offer bitcoin transactions in July

As the Ukrainian government makes progress in cryptocurrency-related legislation, a major local e-bank is preparing to launch a debit card featuring Bitcoin (Bitcoin) Transactions.

The Ukrainian online banking application Monobank has completed a pilot integration with the cryptocurrency trading platform Monobank co-founder Oleg Gorokhovsky Announce on Monday.

According to the executive, the new integration will enable Monobank users to use debit cards to buy and sell bitcoin. Gorokhovsky pointed out that Monobank is expected to release new features later this month, awaiting approval from the National Bank of Ukraine.

Monobank launched in 2017 Operating According to the permission of Global Bank owned by tycoon Sergey Tigipko, the former central bank governor and former deputy prime minister of Ukraine.According to reports, as of August 2020, Monobank’s user base accumulation More than 2.5 million customers.

Monobank’s Gorokhovsky, who is also the former vice chairman of PrivatBank, Ukraine’s largest commercial bank, expressed his optimism about Bitcoin earlier this year. In a February Facebook post, Gorokhovsky Say Tesla’s $1.5 billion bitcoin purchase finally convinced him that bitcoin will continue to exist. He also disclosed a large number of bitcoin shares held by individuals, and it is estimated that BTC will reach US$100,000 by 2022.

related: Ukraine uses Stellar to develop digital asset infrastructure, including CBDC framework

The Ukrainian authorities are steadily advancing a series of bills related to digital currencies. Oleksandr Bornyakov, Deputy Minister of Digital Transformation, Announce Last Wednesday, the authorities proposed to pass an updated “virtual asset” draft bill in the second reading.

On Wednesday, the Ukrainian Parliament also by New legislation regulating payment methods, including regulations on the digital currency of the Central Bank of Ukraine.