Directions for Increasing the Development of Cryptocurrency in Ukraine

Abstract

With the increasing complexity of payments and the distances between participants in financial transactions, the number of third parties involved in making payments is also growing. This entails an increase in commissions. Cryptocurrency solves this problem. This, in its way, is a digital “cash” that can be used by network participants, regardless of the distance and type of transaction. Cryptocurrency is a new type of electronic money, is rapidly gaining popularity.Purpose. The purpose of the article is to study the directions of increasing the level of development of cryptocurrencies in Ukraine.