Bitcoin has grown in popularity in Ukraine

Bitcoin has grown in popularity in Ukraine

Interest in cryptocurrency has increased fivefold in Ukraine this year.

Such statement was made by representative of service that sells bitcoins – Btcu.biz. Currently it provides services to round 10,000 customers per month, whereas this figure did not exceed 2000 last year.

Btcu.biz exists since 2013 and allows purchasing bitcoins via iBox payment terminals. There are round 4000 of such terminals throughout the country. They enable making payments for various services, as well as buying cryptocurrency for cash. The majority of bitcoin buyers are found in big cities – Kiev, Dnepr, Kharkov. The introduction of separate terminals for this purpose isn’t cost efficient, and the iBox network is evenly spread throughout Ukraine. 

Bitcoin has grown in popularity in Ukraine

At the same time the interest in mining is growing. In the last year twice as many transactions were processed in this chain. Experts consider that upcoming weeks will witness an even bigger increase of numbers. Perhaps they will exceed their all-time peak, when bitcoin hash rate comprised over 1000 PH (petahash) or 1 exahash per second.

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