Ukraine Crypto Donation: According to a Bloomberg report, Ukraine’s Deputy Minister of Digital Transformation Alex Bornyakov told on Friday that Ukraine has received 15 of the donations received in cryptocurrency on military supplies. Millions of dollars have already been spent, including the purchase of a bulletproof vest.
Bornyakov said in a Zoom interview from an undisclosed location inside Ukraine on Friday that the Ukrainian government anticipates donating to double the $50 million of crypto donated so far in the next two or three days. The Bloomberg report states that most donations have been made in bitcoin and ether.
It comes at a time when several corporations have pledged to help, including Amazon giving $5 million to the UN refugee agency and other humanitarian organizations and up to $5 million in donations from its employees. Planning to match.
Snapchat announced $15 million in humanitarian aid. Airbnb is offering “free accommodation” for up to 100,000 refugees and is waiving its fees on ground movement of people staying in Ukraine’s homes, with no plans to use them to get money quickly into hosts’ accounts Can go
The world’s largest cryptocurrency exchange, Binance, has pledged $10 million in aid. Cryptocurrency donations have emerged as a major form of self-help.
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Meanwhile, the ministry has also received donations in Tether, Polkadot and Solana. Hundreds of NFTs have also been found, including a valuable CryptoPunk, he added.
Bornyakov said that the ministry’s team has now started focusing on supporting the country’s digital infrastructure, as it is being ensured that there is no interruption in the work of the government. Raising and using cryptocurrency donations is also a part of its efforts.
Bornyakov said that to raise more funds, the ministry is now working with two companies creating an NFT collection that could be ready in less than two weeks and funding the Ukrainian war effort. Will collect
“Nobody was ready to do the military NFT. The war just started eight days ago. They’re still trying to figure out how to do it in terms of design,” he said.
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