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PayPal and bank wire transfers still work in Ukraine, so this not a particularly good example of a crypto use case. Russian hackers demanding ransom payments i
by chrischen 5y ago
PayPal and bank wire transfers still work in Ukraine, so this not a particularly good example of a crypto use case.
Russian hackers demanding ransom payments in bitcoin—thereby circumventing economic sanctions—now that is a legitimately illegitimate use case for crypto.
- sneak 5y agoTry sending PayPal from Russia to Ukraine. PayPal requires identity and permission. I am barred from using it, for example. No barriers to me donating to Ukraine via cryptocurrency.
- phatfish 5y agoUkraine is not short of donations, they don't need money from the country currently destroying their cities and committing war crimes. What they are asking for is more sanctions (which the Crypto utoptia is supposed to make impossible) to try and force the hand of a mad dictator without ushering in WW3. Crypto is barely a footnote.
- chrischen 5y agoI just sent money to Ukraine via PayPal and the Ukrainian recipient confirmed they were able to add it to their bank card. I’m not sure why you are barred but if I sent you crypto you’d probably need verification to withdraw it to fiat as well.
- hiq 5y ago> Try sending PayPal from Russia to Ukraine. Sounds like the real problem is having RUB. > No barriers to me donating to Ukraine via cryptocurrency. In this case you're not starting with RUB, so you're solving a different problem.