3 ms·
> I think even crypto-skeptics can see the utility of crypto in situations where people do not have access to functioning banking system. In this case, the Ukr
by tablespoon 5y ago
> I think even crypto-skeptics can see the utility of crypto in situations where people do not have access to functioning banking system.
In this case, the Ukrainian government does have access to the banking system. It sounds like this guy is just managing once channel of cryptocurrency donations, which I'm sure isn't their largest channel of financial support. The headline here is pretty misleading, because it makes it seem like cryptocurrency is doing something special.
And the problem with your general sentiment is that cryptocurrency requires access to quite advanced technical infrastructure (on a personal and civil level), which in many situations is contraindicated by "not having access to functioning banking system."
The main use of cryptocurrency is in this crisis is probably for Russian oligarchs to avoid sanctions.