Ukrainian Shipping company accepts bitcoin

The company believes that to use of bitcoin will bring many benefits to the global shipping industry
30 November 2017   861

Varamar Ltd. a Odessa shipping company will be among the first shipping operators to accept payments in bitcoin. The company is negotiating about its first transaction in bitcoin with a client. Then it is going to accept the cryptocurrency too. Working with bitcoin will reduce the time and quantity of documents than is used in standard banking applications. It can also help in dealing with countries affected by sanctions.

Paperwork for transactions is a complicated issue with banks, and bitcoin payments will help solve that by being faster.It could also help solve payment problems in countries like Pakistan, Russia, Sudan, Yemen, and Qatar, which have safe companies but are victims of sanctions being imposed against their governments.


Alexander Varvarenko

founder of the Varamar Ltd.

Other shippers are also considering using bitcoin deals. For example, Russian Interchart Shipping Inc. is working on a system to let them pay in bitcoin because some their customers aren’t able to easily transact in dollars due to bank restrictions.

Member of British Parliament Wants to Payl Tax in BTC

MP  comments were made shortly after the Ohio government allowed companies registered in this state to pay bitcoin taxes
11 December 2018   7

Eddie Hughes, a member of the UK Conservative Party, said that the state should make it possible to use Bitcoin when paying taxes and utilities. It is reported by The Daily Express.

Eddie Hughes, who represents North Walsall in parliament, calls himself a "crypto-enthusiast with amateur knowledge." According to him, the blockchain technology attracts a lot of attention, and therefore members of parliament "must understand it."

Eddie Hughes also said that he recently met with representatives of the Royal Society for Water Rescue, which accepts donations in cryptocurrencies, after which he came to the idea of ​​making it possible to use Bitcoin when paying municipal taxes and utilities.

It just feels like it gets talked about a lot, wherever you go in the UK, and as MPs we have a duty to understand it. 

Eddie Hughes


Hughes comments were made shortly after the Ohio government allowed companies registered in this state to pay bitcoin taxes, which he also reminded in his interview within the publication.