Payment for goods in Ukraine with cryptocurrency cards

Ukraine is solidifying its position as one of the world leaders in cryptocurrency adoption. According to research, our country ranks 5th globally in the adoption of digital assets, with approximately 13% of Ukrainians actively using cryptocurrency. These figures highlight the significant potential of Ukraine's digital asset market.

Realities and opportunities of digital assets

Ukrainians are actively integrating cryptocurrency into daily life, despite several challenges. Thanks to platforms like Binance Pay and WhitePay, electronic money can be used to pay for goods and services across various sectors.

Cryptocurrency is increasingly used as a payment method. Examples include:

• Electronics and appliances: stores like Foxtrot, TechnoYizhak, Stylus.
• Supermarkets and pharmacies: chains like Varus and ANC.
• Real estate: developer DIM accepts USDT and USDC.
• Tourism and transportation: services like Tickets UA, JoinUp, Ribas Hotels Group.
• Restaurants and cafes: Mister Cat, Informatika Café, Hype Pizza & Sushi.
• Charity: organizations like Tabletochki, Serhiy Prytula Foundation, and others.

The list of businesses accepting cryptocurrency is constantly growing.

Convenience and capabilities of crypto cards

A crypto card is a modern payment tool that allows users to pay for purchases with cryptocurrency, with automatic conversion into fiat currency (e.g., hryvnia or dollar). It serves as a bridge between crypto and the traditional financial system.

Types of crypto cards

1. Virtual cards
   • Linked to electronic wallets like Apple Pay or Google Pay.
   • Convenient for contactless payments.
2. Physical cards
   • Used in stores or ATMs to withdraw cash.

Advantages of crypto cards

• Convenience: enables payments for goods and services at familiar points of sale.
• Speed: transactions are processed instantly thanks to automatic conversion.
• Global access: no restrictions compared to traditional financial systems.
• Low fees: in many cases, transactions are cheaper than bank transfers.

What cards are available in Ukraine?

Access to crypto cards in Ukraine is still limited due to the lack of local issuers. However, Ukrainian developers like Trustee Plus offer solutions based on European financial platforms. Ukrainians also use crypto cards from international companies like Crypto.com, Binance, and Coinbase.

How do crypto cards work?

• Users link a crypto wallet to the card.
• When making a payment, the cryptocurrency amount is automatically converted into the required fiat currency.
• Conversion occurs at the current market rate.

Features of use

• Some cards offer cashback in cryptocurrency, encouraging more active use.
• The ability to withdraw cash at ATMs makes these cards versatile.

Conclusion

Cryptocurrency is gradually becoming part of everyday life in Ukraine. Businesses are integrating crypto payments, and users gain more opportunities to pay for goods and services.

Crypto cards are a promising tool that can significantly simplify the use of cryptocurrencies in daily life. With the active support of innovative platforms, Ukraine has every chance to solidify its status as Eastern Europe's crypto hub.