Ukrainian Trams Show “Bitcoin To The Moon” On Its LED Signs Ahead Of Virtual Currency Project

Ukrainian Trams Show “Bitcoin To The Moon” On Its LED Signs

A tramcar in Vinnytsia, a city in Ukraine, is showing a LED sign with the text “Bitcoin to the Moon.” Several pictures of this tram appeared on social media. The information has been reported by on February 25.

At the moment, there is no information regarding who is behind the signs on these tramway cars. However, there have been several pictures uploaded to Facebook and other social networks. According to the news outlet Let Know, the trader Roman Petrov shared several pictures of this tram.

Authorities in Ukraine have recently dismantled a Bitcoin Embassy in Kyiv, the capital of Ukraine. The embassy was established there back in 2014 as a project with clear educational purposes related to virtual currencies and Bitcoin. One of the most popular exchanges in the country, Kuna, participated in the initiative behind this embassy.

The National Bank of Ukraine (NBU) has also been trying to launch an electronic version of the fiat currency of the country, the hryvnia. This has been reported by Alexander Yablunivskiy, director of the department for payment systems and innovations at the financial institution.

At a press conference, he said that the pilot has been completed and they are working on the analytical paper that will be reviewed at the meeting of the National Bank’s board.

They have also informed that this is not a cryptocurrency. Instead, they specified that this is a Central Bank Digital Currency (CBDC) and that will be representing the hryvnia in a digital way. Until now, the authorities did not decide whether the virtual currency will be centralized or decentralized.

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