The success story of cryptocurrencies in Ukraine

Audio 02:35

The hryvnia has been Ukraine's monetary currency since 1996. (Illustrative image) Getty Images / EyeEm - Igor Golovniov / EyeEm

By: Stéphane Siohan Follow

Ukraine is not except for a paradox: the country is one of the poorest economies on the continent.

But lately, Kiev is experiencing an unprecedented boom in the IT sector and, more specifically, in cryptocurrencies.

Bitcoins and crypto-dollars are widely used by the influential new class of young computer engineers and start-up executives.

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This is also increasingly the case in broader layers of society to such an extent that the

recently called Kiev the " 

 ."

Against the backdrop of the Covid-19 pandemic, Ukraine is experiencing a profound movement to digitize its economy, even in daily use.

Report by our correspondent in Kiev,

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• Ukraine

• Currencies

• Society

• Economy

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