Ukrainian Crypto Entrepreneur: Bitcoin Is a Lifeline

Greater than 1.7 million Ukrainians have fled the nation’s borders because the battle started, the United Nations says, the “fastest-growing refugee disaster in Europe since World Warfare II,” within the phrases of UN Excessive Commissioner for Refugees Filippo Grandi. Though some refugees are transferring their funds into crypto as a technique of safely storing and transferring their wealth throughout borders, “this can be a small fraction, amongst solely those who have prior expertise with crypto,” mentioned Obchakevich. “For the common citizen in a panic, it’s best to money in a greenback or euro. Nevertheless, the frenzy close to ATMs has solely grown and it is vitally tough to withdraw money now.”

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