Binance will launch a cryptocurrency card in Ukraine with conversion to hryvnia – Bits Media

The head of the Ukrainian division of Binance, Kirill Khomyakov, said, that his team is working on launching a cryptocurrency payment card.

Kirill Khomyakov promised, that the card will allow the owner to pay with cryptocurrency at any retail outlets in the country thanks to the automatic conversion of cryptocurrencies on your balance into Ukrainian hryvnia. The project is being launched together with Ukrainian partners, said the general manager of Binance Ukraine. But didn't specify, with which ones exactly. There is no exact release date for the payment card either..

In addition to the payment card, Khomyakov announced the launch of a Ukrainian fan token. According to the head of the exchange office, The market for collectible tokens is rapidly developing in the country, Ukraine rounds out the top three countries with the largest marketplaces for NFT trading:

“In the near future we will announce a cool project - the creation of a fan token for one famous sports team. With the help of tokens, football clubs interact with fans and allow them to participate in the daily decisions of the club.".

truth, The implementation of projects to create digital financial instruments and contactless payments is hampered by the lack of a legislative framework for regulating cryptocurrencies in Ukraine:

“Regulation will help attract investment, many international companies will come here, will develop local projects, there will be more startups".

At the same time, the head of the Ukrainian division of Binance has a positive attitude towards the launch of the state cryptocurrency. Digital currencies of central banks, He says, can replace non-cash and cash payments in fiat currency and allow automation of a significant part of the work of officials and businessmen, including Ukrainian.

Kiril Khomyakov was appointed to the position of general manager of Binance Ukraine last week “to strengthen the position of the exchange in Ukraine”.

One of the largest commercial banks in the country, Taxombank, reported, what in 2022 will test the creation and use of digital hryvnia in the Stellar network for paying salaries to government employees. In November, the international company Prof-IT reported, that will launch the first central bank-regulated cryptocurrency exchange Qmall in Ukraine. However, The country has not yet adopted the bill “On Virtual Assets” proposed some time ago.. President Vladimir Zelensky proposed abandoning the creation of a separate body to regulate the cryptocurrency market and returned the project for revision to the Verkhovna Rada.