Cryptocurrency analysts explain the popularity of blockchain technologies in Ukraine

Ukrainians continue to demonstrate a significant interest in cryptocurrencies, which has intensified during the full-scale invasion and military aggression of Russia. Over the past 5−6 years, the number of companies using blockchain technologies in their operations has also increased.

According to analysts, the main advantage of blockchain for Ukrainians is its transparency and the absence of a human factor. Experts believe that corruption and bureaucracy remain the main obstacles to Ukraine’s rapid economic development. Blockchain technologies help to fight this by eliminating bribery and embezzlement.

As an example, Bagnet researchers cited the ProZorro public procurement platform, which allows anyone to learn about public procurement. ProZorro stores data on bidders, and over 5 years, the use of this platform and blockchain technologies has saved more than $ 1.5 billion.

Regarding the situation with digital assets, the indicator of interest in cryptocurrencies in Ukraine is 75 out of 100. The number of crypto investors in Ukraine is growing. Despite the very difficult times for all citizens, Ukrainians remain optimistic about their investments in crypto: they believe that bitcoin will go up, and after fixing their profits, they do not plan to leave the crypto market forever.

Ukrainian society has appreciated the biggest advantage of cryptocurrency transfers: they can be made at any time and anywhere in the world. In the first three months of the war alone, Ukraine received $ 125 million in cryptocurrency aid, and it continues to flow in.