FinTech Magazine - April 2022 | Page 12

BIG PICTURE

Could crypto supercede central currencies ?

Ukraine

A soldier stands next to the bombed out shell of a factory following the Russian bombardments in the Ukraine . While major cities in come under attack , the solvency of fintech in Russia is under major pressure . With countries globally sanctioning the former communist super-power , experts warn of economic devastation . However , some believe cryptocurrency and related services will benefit as people lose trust in central currencies due to political instability , and actors seek to circumvent sanctions and SWIFT shutdowns .
12 April 2022