Since the Russian invasion of Ukraine in February 2022, Ukraine has ranked among the top nations using cryptocurrency. According to the September 2024 Global Adoption Report by Chainanlysis, Ukraine is No. 6 in crypto adoption.
The war has caused significant economic instability in Ukraine, including a weakened Hryvnia, Ukraine’s national fiat currency, and banking disruptions in many regions, which have limited access to traditional financial services. To limit the exodus of wealth from the country, the Ukraine government put restrictions on cross-border money transfers and foreign fiat currency withdrawals.
The Ukrainian government did embrace cryptocurrency on a regulatory level. From the start of the war, cryptocurrency became a vital channel for timely international donations to NGOs and the Ukrainian government. According to United24, the official fundraising platform for Ukraine, cryptocurrency donations have totaled $923,514,470 from the global community.
With limits on sending money abroad and the rising popularity of cryptocurrency, the beta launch of HitBit Pro, a Ukraine-based fintech platform that offers Telegram integration and a fiat-like experience, has been a natural extension.
“We launched HitBit Pro at the end of November 2024. We did a small campaign in Ukraine, but people around the world can apply, proceed with KYC, and use our service. At this point, we have a lot of Ukrainians who live in Europe, Turkey, Asia (like Bali), and all over the world. With their user experience and feedback, we can find out what to improve in general, but we do the same with feedback from Germans and Poles,” Igor Kucherenko, co-founder …
Full story available on Benzinga.com