Ukrainian Shipping Company Plans to Accept Bitcoin as Payments to Avoid Sanctions

in bitcoin •  8 years ago 

Ukraine-based shipping firm Varamar Ltd. is reportedly planning to accept Bitcoin as a method of payment in order to bypass sanctions being imposed on certain countries where companies want to do business with the shipper.

725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy85ZTE4MGJiZTI0ODVjNGViZmQ1YWM1N2RlZWM4ZDQ5NC5qcGc=.jpg

By using Bitcoin, the firm will avoid the voluminous amount of paperwork related to international payments, as well as lower fees for all parties involved in the transactions.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!