In an industry with many founders, workers and users in Ukraine, the human impact of Russia’s invasion runs deep. NJChrisRobbins speaks with the CEO of one affected firm in this week’s Crypto for Advisors newsletter:
Vladimir Kardapoltsev, who joined PointPay about a year ago and has become its CEO, is a young entrepreneur who got into crypto at the age of 21.
Now, Kardapoltsev finds himself navigating PointPay through Europe’s most serious major conflict in decades.“I was the primary person growing the company, which was mainly operating from Russia and Ukraine in the beginning,” Kardapoltsev said. “We outgrew the market in Russia – I’ve interviewed 3,000 people, pretty much every person who has worked in crypto in the Russian-speaking world and all sorts of people in Europe.
Kardapoltsev offered to relocate those employees to ensure business continuity, covering their travel expenses, but the situation cleared up in two weeks. “We asked them to do it as a temporary measure, to treat it as if they were going on holiday, or at least consider moving to Lviv ,” he said. “I thought they would probably be leaving for good, but I told them to think as if it was a vacation – and if you can’t get to Lviv, move into Russia. We couldn’t force it on them, they didn’t listen to us. We told them we would provide them with accommodation, but they said they didn’t want to leave their family.
“Most of the women in our company managed to escape, they were not conscripted, some men managed to get out of the country,” Kardapoltsev said. “One senior person from the C-suite who was splitting time between Kyiv and Moscow, he escaped in the back of a boot and moved to Hungary. Another person from the C-suite, an important person in our company, had two newborn babies and wasn’t able to escape at all.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman warns markets too relaxed on Russia-Ukraine war risksGlobal markets may be underestimating the downside risks posed to stocks by the ongoing war between Russia and Ukraine, according to Goldman Sachs strategists.
Read more »
VIDEO: Russia claims foreign mercenaries hit with missile strike In Ukraine near NATO member PolandFormer U.K. prime ministers Major, Brown sign on to a proposal calling for a tribunal to investigate Putin for war crimes.
Read more »
Amid War Crimes in Ukraine, American Right Wingers Are Applauding RussiaMarjorie Taylor Greene has blamed Ukraine for getting invaded and parroted Putin propaganda about Nazis in the Ukrainian military.
Read more »
Is Russia getting ready to use chemical weapons in Ukraine?An attack on a Ukrainian chemical plant released toxic ammonia, forcing locals to stay indoors. Analysts suggest Russia may carry out more such attacks as a form of chemical warfare, and could escalate to deploying chemical weapons
Read more »
Ukraine-Russia war live updates: Biden warns Putin's 'back is against the wall'Biden is heading to Europe this week as the West rallies behind Kyiv and against Moscow nearly a month into a war that has now forced more than 3.5 million people to flee Ukraine.
Read more »
Erdogan: Diplomacy is the only way out for Russia-Ukraine conflictTürkiye's President Recep Tayyip Erdogan stresses the necessity of continuing diplomatic efforts to end Russia-Ukraine conflict, in a joint news conference with Dutch Prime Minister Mark Rutte
Read more »