Ukraine Cryptocurrency Donations Reach $35 Million as War With Russia Continues
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Blockchain analytics firm, Elliptic has reported that the Ukrainian government has raised $35 million in cryptocurrency donations amid the war with Russia
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The country has also revealed that it is expanding the range of cryptocurrencies that it accepts for donation as Russia’s attack becomes more destructive
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Asides from cryptocurrency, the country has also raised donations through war bonds, with about $270 million gathered so far
As Russia’s invasion of Ukraine continues into a new week, the country has continued to take in donations that will be used to aid its repel of Moscow’s attack.
The country has so far gathered at least $35 million through cryptocurrency donations since the invasion began, according to blockchain analytics company, Elliptic.
Also, Ukraine has increased the number of cryptocurrencies that it will accept for donations. The news confirms amid military experts’ predictions that Russia is set to stage a more ferocious attack on capital city, Kyiv.
In addition to cryptocurrency donations, Ukraine has also gathered money through war bonds, with more than 8.14 billion Ukrainian hryvnias ($270 million), received to date.
Ukraine is also accepting meme coin Dogecoin and other popular cryptocurrencies donations. The Vice Prime Minister of the country. Mykhailo Fedorov said that meme coin holders can now send in donations.
Read also: 2 Ukrainian Footballers Killed as Russian Invasion and Violence Continues
His tweet says:
“Now memes can support our army and save live from Russian invaders,”
Recently, crypto exchange Uniswap launched a feature that will allow you to convert any Ethereum-based digital currency to Ether and send it to the Ukrainian government. It should be noted that the country also accepts NFTs as donation.
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