Ukraine and Russia topped the ranking of countries by ownership of cryptocurrencies
According to the Triple A payment platform, 5,565,881 Ukrainians, or 12.7% of the entire population of Ukraine, own some form of cryptocurrency. This can lead Ukraine to the top of the rating of countries in terms of the activity of using cryptocurrency by citizens.
The second place is taken by Russia, where 17,379,175 people or 11.91% of the country’s population own cryptocurrencies. Third place went to Venezuela with 2,941,502 people or 10.34% of the population. The top five also includes Kenya and the United States.
Curre source that Ukrainians earned about $ 400 million from bitcoin investments in 2020, making Ukrainian investors one of the richest in the world. The bitcoin craze of Ukrainians is not limited to ordinary citizens, it has been supported by Ukrainian government officials. Officials in early 2021 said they own more than $ 2.6 billion in bitcoins, noting that “the largest number of crypto owners work in the city councils of the Department of Defense and the National Police.”
According to the World Bank, almost 10% of Ukraine’s GDP in 2020 came from personal remittances sent to the country. Many Ukrainians have emigrated and continue to send money home with their families, paying huge fees for transferring money using banking methods. However, Bitcoin allows Ukrainians to send money across the border faster and cheaper without using banks.