A nationwide network of more than 4,900 payment terminals in the Ukraine now allows customers to easily buy bitcoin for cash.
“Young Ukrainians are used to buying goods from [online] shops abroad, for example, in China. If someone needs to pay $100 for a buggy for his child, he needs to pay about $40 for SWIFT payments and spend half the day at the bank. We’ve opened a window to the world to help people survive.”
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.