5,000 Terminals Across Ukraine Now Offer Bitcoin for Cash
A nationwide network of more than 4,900 payment terminals in the Ukraine now allows customers to easily buy bitcoin for cash. The network, which is operated by the country's National Credit Bank, allows customers to buy vouchers for bitcoin from a new company called BTCU. After depositing cash in a terminal, purchasers receive a voucher containing an activation code either on a printed receipt or via an SMS message to their phones. They can then go to BTCU's website to enter the activation code and claim their bitcoin. The machines, known as BNK-24 terminals, also allow users to pay....
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Spacex has managed to deliver Starlink equipment to Ukraine as promised by its founder, Elon Musk. The hardware will provide access to high-speed internet for users in the country, which has been experiencing disruptions in communications as a result of Russia’s military invasion.
Ukrainians Get Starlink Internet Amid Ongoing Russian Offensive
Ukraine has received a batch of terminals needed to connect to the satellite internet constellation Starlink. The network is operated by Spacex, the aerospace manufacturer founded and managed by U.S. tech entrepreneur Elon Musk, and....
Spacex CEO Elon Musk says that his company will “keep funding” the government of Ukraine for free even though Starlink is losing money, noting that it has cost Spacex $80 million so far to provide internet terminals and services to Ukraine. “We’ve also had to defend against cyberattacks and jamming, which are getting harder,” Musk stressed. We’ll Keep Funding Ukraine for Free, Says Musk Spacex has been sending Starlink internet terminals and providing services to Ukraine since the onset of the Russia-Ukraine war. At the request of the government of....
The central bank of Ukraine has capped withdrawals of cash in national fiat and banned those in foreign currency. The monetary authority says the measures aim to ensure the functioning of the nation’s financial system under the martial law introduced in response to Russia’s military offensive.
National Bank of Ukraine Restricts Hryvnia Withdrawals, Fixes Exchange Rates
As citizens were lining up at ATMs and bank offices on Thursday, the National Bank of Ukraine (NBU) adopted a resolution limiting daily cash withdrawals in local currency to 100,000 hryvnia (approx.....
One of the major drawbacks of FinTech payment solutions – including Bitcoin – is the dependency on mobile device battery levels. In this day and age, a user’s mobile battery won’t last for a day when actively using the device, which renders the whole point of new payment methods somewhat moot. But there is a startup in Ukraine that may have cracked the....
To voice solidarity with Ukraine, the famous peer-to-peer trading platform LocalBitcoin has exempted all fees on donated Bitcoins to Ukraine. As a result, the residents of Ukraine can now cash out their Bitcoins in local currency with no fees. LocalBitcoin published the announcement via a tweet on March 01 introducing a free Bitcoin wallet “for […]