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Author Topic: Ukrainians Embrace Bitcoin For Daily Purchases: Report  (Read 199 times)
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March 11, 2022, 07:38:47 AM
 #21

Seems good but I’m not sure if they are able to do it from crypto to fiat payments or just crypto to crypto. Because since fiat is being restricted by the banks and that is but obvious. I am pretty sure they might be just trading crypto to crypto by calculating the prices in fiat units.

Though claims might be incomplete or just reports to get more TRP this is the logical currency which Ukraine can use it. If the crypto wouldn’t have been here then they might have just be left to trade left over fiat and later stones and sticks?!!
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March 11, 2022, 08:01:52 AM
 #22


Kraken is offering $1,000 free to the first 10,000 accounts in ukraine who claim it.


This is of course good news, but how do users in Ukraine exchange their crypto to fiat when there are many banks that are not operating?

I believe those who were aware of cryptocurrency and had account on Kraken are far away from war zone (or have travelled abroad) and can use white or grey methods to turn crypto into cash. I believe that those, who are on war zone territory right now, only heard what is crypto.

Imho, people who had knowledge what is crypto and had exchange accounts, are average class, has money (at least emergency money) to move out quickly from Ukraine. They will find access to the internet and will withdraw that gift from Kraken. Low level class people are left in war zone, people who find it impossible to leave their property, relatives and etc. Sorry, but their maximum is having a bank account and only hearing about "the internet money" aka crypto.

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March 11, 2022, 09:15:31 AM
 #23


I believe those who were aware of cryptocurrency and had account on Kraken are far away from war zone (or have travelled abroad) and can use white or grey methods to turn crypto into cash.


What do you base your assumption on?

I believe that those, who are on war zone territory right now, only heard what is crypto. Many Ukrainians who not only aware of cryptocurrencies, but also use them, invest in them and even create new tokens, have remained in Ukraine and are now in the midst of war zone. There is no correlation between their awareness and going abroad or far away from the war.



Imho, people who had knowledge what is crypto and had exchange accounts, are average class, has money (at least emergency money) to move out quickly from Ukraine. They will find access to the internet and will withdraw that gift from Kraken.


Having money and crypto doesn`t imply that you will leave your country, which was attacked by troops of another state. Many of our people have joined the army or territorial defense and are now defending the homeland. Moreover, men of military age cannot leave Ukraine now. So how can you say that people who had knowledge what is crypto and had exchange accounts, are average class, has money (at least emergency money) are moving out quickly from Ukraine?



Low level class people are left in war zone, people who find it impossible to leave their property, relatives and etc. Sorry, but their maximum is having a bank account and only hearing about "the internet money" aka crypto.


Again, why did you decide that only people, who don`t have money, remained there? Besides that, in Ukraine quite a lot of people not only heard but also bought cryptocurrency. The problem of saving money was very relevant for us even before the war. That's why our people are creative in finding new ways to save their money. And now most of these people are staying in Ukraine.

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March 11, 2022, 09:36:53 AM
 #24


Kraken is offering $1,000 free to the first 10,000 accounts in ukraine who claim it.


This is of course good news, but how do users in Ukraine exchange their crypto to fiat when there are many banks that are not operating?

I believe those who were aware of cryptocurrency and had account on Kraken are far away from war zone (or have travelled abroad) and can use white or grey methods to turn crypto into cash. I believe that those, who are on war zone territory right now, only heard what is crypto.

Imho, people who had knowledge what is crypto and had exchange accounts, are average class, has money (at least emergency money) to move out quickly from Ukraine. They will find access to the internet and will withdraw that gift from Kraken. Low level class people are left in war zone, people who find it impossible to leave their property, relatives and etc. Sorry, but their maximum is having a bank account and only hearing about "the internet money" aka crypto.

but there must be one or more people who own cryptocurrencies in the area, regardless of their economic condition. because indeed everyone nowadays can own crypto, even those of the lower economic community now have access to cryptocurrency ... it's not something fancy to have.

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March 11, 2022, 10:47:16 AM
 #25

Now ukraine citizens are getting great benefits from bitcoin, I hope this can help so that ukraine does not find it difficult to meet their needs, and of course this is a very effective campaign to silence haters who are currently still actively spreading FUDs.


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March 11, 2022, 11:54:35 AM
 #26

Now ukraine citizens are getting great benefits from bitcoin, I hope this can help so that ukraine does not find it difficult to meet their needs, and of course this is a very effective campaign to silence haters who are currently still actively spreading FUDs.

They've already received millions in donations through bitcoin and other cryptos, so for sure they can meet their demands with the donations they got.

For FUD, it will be here, not matter if we are in a bear market or bull run, or even in covid or war, it is what it is. What's important is that this FUD are not that effective anymore, maybe investors are immune to it and they don't give a damn and simply put the noise down.

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March 11, 2022, 12:25:07 PM
 #27

Now ukraine citizens are getting great benefits from bitcoin, I hope this can help so that ukraine does not find it difficult to meet their needs, and of course this is a very effective campaign to silence haters who are currently still actively spreading FUDs.

Over the past years we can say that the number of bitcoin haters or doubters decrease because many see that bitcoin really help in certain aspects and also this create huge opportunities to everyone around the globe. This current stepping up of Crypto and its huge usage in amidst war in Ukraine for sure many will see how useful the bitcoin is and there's no one can control it.

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March 11, 2022, 12:46:12 PM
 #28

Quote
Now ukraine citizens are getting great benefits from bitcoin, I hope this can help so that ukraine does not find it difficult to meet their needs, and of course this is a very effective campaign to silence haters who are currently still actively spreading FUDs.

Congratulations to Ukraine citizens for the good benefits they have received from bitcoin. This offer can sustain Ukraine citizens through out the war for other countries to have interest on bitcoin in their countries. I believe Ukraine citizens will never forget this benefits they got from bitcoin few days ago because of the damages Russian government has caused to their economy, that is making them not to have a stable light and network to carry out their industries activities in the country. The haters of decentralized currency will now believe the words of Satoshi the founder of bitcoin who created bitcoin to eliminate errors from the world economy and reduced unemployment and hardship from the world generally.

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March 11, 2022, 01:30:37 PM
 #29

Ukraine is embracing bitcoin for daily purchases, maybe this is a very good step for Ukraine, because when they are in war, their economy is also experiencing a decline, but they are trying to embrace bitcoin to restore their economy, because if the country is in crisis war is certain that all of our activities are hampered, so the best solution is to use bitcoin for daily purchases.
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March 11, 2022, 02:17:10 PM
 #30

I think Elon Musk's starlink satellite internet service costs $500 for initial cost and $99 month afterwards. If internet connectivity and financial services go down, perhaps the richest man in the world would not mind donating some of his starlink services to ukraine. Mainstream adoption of satellite internet could be another good measure to standardize for cases of civil unrest, war and natural disasters.
He already did, actually. Some Starlink modules have already arrived in Kyiv, and some are currently on the road. Yes, satellite Internet from Musk will be of great help, but I have no idea how much surface it can actually cover and how this will technically work. Another thing how connection issues are being addresses is via making a temporarily unified national roaming system for mobile phones. We have 3 major mobile phone connection providers (telecommunication companies), and it's often the case that some have better coverage than others in some areas or under some circumstances. For the time of war, they are all working together, so that people who have a SIM from one of these companies can switch the network to that of other providers.

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Leviathan.007
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March 11, 2022, 04:47:53 PM
 #31

That was very much expected for Ukraine and Ukrainian people to see them embracing and using bitcoin for their payments and investing in their situation, generally, bitcoin can be more used by the people whenever they are suffering some kinda crisis this asset can help people during this time since there are many banks issues in Ukraine and many banks are said to do not give too much cash to people they can easily us bitcoin, also there are some donations for them from all over the world from by bitcoin, so they should love and use bitcoin.

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sana54210
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March 11, 2022, 06:21:53 PM
 #32

Now ukraine citizens are getting great benefits from bitcoin, I hope this can help so that ukraine does not find it difficult to meet their needs, and of course this is a very effective campaign to silence haters who are currently still actively spreading FUDs.
It is basically about how people only saw crypto as a way to make money, and that is all they thought what bitcoin was all about. There are so many FUD people who talked about bitcoin being zero, and those people only assumed the trading part of crypto, never considered the benefits of it. Plus, bankers are also very afraid because this allows us to do it a lot better and not use banks and feel a lot better about the current situation.

This is why I believe that we are in a stage where we could make some money, meanwhile making some benefits that banks could not offer us, and allow us to get away from the centralization of it all.
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