Ukraine has seen massive adoption of cryptocurrencies due to its ongoing conflict with Russia. They have released tons of donations from people sympathetic with their cause and are on course to see the Country as a potential revolutionary ground in Europe once the conflict is over. Traditional systems are also present but crypto keeps showing just why it is such a useful solution in times of emergency.

Crypto is preferred over many traditional modes of sending money for a couple of reasons. It presents an easier, less bureaucratic, more ubiquitous and more varied way of sending money to anyone, virtually anywhere in the World. If someone needs emergency funding, you can be rest assured crypto is the best way a total stranger might be able to help from anywhere in the World.

Crypto also provides a means to store wealth irrespective of the economic situation of that area. The worth of such an asset is issued globally while our economies are local, ensuring that we are able to get global value. Many people living in volatile economies are increasingly turning to crypto as a solution because of this alternative path to storing wealth. Without it, wealth preservation will be even more difficult in some of the more volatile regions of the World.

In Case of Emergency, Break Glass

Security is always a major concern when we talk about money. Banks probably would not exist if they were not seen as a more secure place to store money. While things have changed, the fundamental tenets of security still lies inside of us. Nobody will like to wake up and see their hard earned savings taken away, some by people we know and trust.

Unlike what many traditional critics would like us to believe, crypto remains a secure space to store and preserve wealth. We are constantly inundated with reports of hacks and accusations of money laundering in the space by mainstream platforms that can easily sway the mind of an uninformed, potential investor. Admittedly there are a few bottlenecks to consider when talking about crypto and security, but it is the first time when the keys to our assets has been literally handed to us.

Conclusion

The reason why crypto is still around till now is because it has continually outperformed and shown the need for an alternative pathway despite the traditional financial companies still in operation. If the common person will turn to crypto when experiencing financial bottlenecks, there is little doubt about its utility going forward.

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