Bitcoin future: A Chinese perspective: BitKan visits Ukraine Bitcoin conference

13:46 Oct. 18, 2016

A Chinese perspective: BitKan visits Ukraine Bitcoin conference

In this photo illustration model Bitcoins standing in front of Dollar bills on February 15, 2016 in Berlin, Germany. (Photo Illustration by Thomas Trutschel/Photothek via Getty Images)

How do people exchange local currency for bitcoin in countries like Ukraine these days? Is it easy, or do users still need to be creative with their methods? A Chinese company representative went there to find out more.

Bitcoin Infrastructure is Improving Everywhere

Not so long ago, bitcoin exchange options were limited in most countries. Even online exchanges were of little use to anyone other than large-scale traders if they didn't link to local bank accounts.

Bitcoin infrastructure has improved markedly in the past few years, but there are still plenty of regions underserved.

Read more Demand for bitcoin in Ukraine grows fivefold - Forklog

Chinese Bitcoin portal BitKan has a mobile service designed for over-the-counter (OTC) Bitcoin traders. This lets users trade off-exchange with other bitcoiners anywhere, sending local currency via bank transfer or online payment network.

Red more Court rules to return confiscated equipment to Ukrainian Bitcoin founder

Daria Petrova, BitKan's marketing manager in the region, attended the Bitcoin Conference Kiev in Ukraine in September. Her aim was to find out what differences and similarities exist between Bitcoin users' needs in her company's home country, and elsewhere.

Read the full story

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