The Ukrainian authorities has launched an official cryptocurrency donation web site to lift funds in help of the Ukrainian armed forces and humanitarian support packages within the struggle in opposition to Russia. The donation platform is a collaboration between the Ministry of Digital Transformation of Ukraine, Everstake, and cryptocurrency alternate FTX.
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Authorities’s Crypto Donation Web site Now Stay
The Ministry of Digital Transformation of Ukraine introduced Monday that it has launched the official “Assist For Ukraine” web site to lift funds in help of the Ukrainian armed forces and humanitarian support packages within the struggle in opposition to Russia. The crypto donation platform is in partnership with staking service supplier Everstake and cryptocurrency alternate FTX.
Mykhailo Fedorov, vice prime minister of Ukraine, tweeted Monday confirming that the official web site the place anybody all over the world could make cryptocurrency donations to Ukraine has gone reside.
The brand new donation web site describes, “Assist For Ukraine is cooperating with the cryptocurrency alternate FTX which converts crypto funds acquired into fiat and sends the donations to the Nationwide Financial institution of Ukraine,” elaborating:
This marks the first-ever occasion of a cryptocurrency alternate straight cooperating with a public monetary entity to supply a conduit for crypto donations.
The Assist For Ukraine web site lists crypto addresses in addition to checking account info for the federal government of Ukraine for donation. Donors can ship a number of cryptocurrencies, together with bitcoin (BTC), ethereum (ETH), tether (USDT), polkadot (DOT), solana (SOL), dogecoin (DOGE), and monero (XMR). The Ukrainian authorities additionally accepts fiat donations in USD, EUR, GBP, AUD, and CAD.
On the time of writing, the donation web site signifies that over $50 million have been raised by the neighborhood.
The Ministry of Digital Transformation of Ukraine additional defined that the funds raised shall be spent on navy tools in addition to “informational counteraction to Russian propaganda” and a “world communication marketing campaign on true occasions in Ukraine.”
The funds will even be utilized in “cybersecurity and digital infrastructure restoration, offering extra safety and migration of registers, [and the] buy of technical particular tools and amenities,” the ministry famous.
Earlier this month, Alex Bornyakov, Ukraine’s deputy minister of digital transformation, revealed that his authorities has spent $15 million in donated cryptocurrency on navy provides, together with bulletproof vests.
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