Cryptocurrency Fueling a New Future for Ukraine

In Ukraine, a county bearing the brunt of rampant corruption and still trying to find its footing after a revolution, a growing number of citizens are turning to cryptocurrencies to get back on their feet.

After the collapse of the Soviet Union in 1991, many Ukrainians watched in dismay as much of the area’s wealth and infrastructure made its way into the hands of a select few.

Today, these oligarchs control their wealth through physical force and elaborate investment schemes that keep much-needed dollars out of the hands of everyday citizens. Political upheaval by citizens in 2014 toppled the government of ex-President Viktor Yanukovych, but the fundamental inequalities remained.

The start of an ongoing conflict with separatists a short time after the revolution has contributed to a big collapse in the Eastern European nation’s economy, one that still looms large over the heads of people trying to make a living.

However, there is a small, but growing number of people in…