Cryptocurrencies to bolster Ukraine's financial system

With the Ukrainian currency, the hryvnia, hitting an all-time low amid the Russian invasion, Ukraine seeks alternative ways of making payments.

With the Ukrainian currency, the hryvnia, hitting an all-time low, Ukraine seeks alternative ways of making payments - including cryptocurrencies.

Photo: Pixabay

One such means is cryptocurrencies. Although initial reports suggested that they were allowing Russian oligarchs to bypass the Western sanctions, it seems that the digital currencies can also function as a fast and robust legal tender for war-hit Ukraine. 

To get more insight on this topic, Radio Poland's Piotr Miszczuk spoke to Marcin Kaźmierczak, Chief Operating Officer at a blockchain solutions company, RedStone.

Click on the audio player above to hear the interview.