Ukraine’s government has launched an official cryptocurrency donation website

Ukraine's government has launched an official cryptocurrency donation website
Crypto donations to Ukraine/courtesy

In the fight against Russia, the Ukrainian government has launched an official cryptocurrency donation website to raise funds for the Ukrainian armed forces and humanitarian aid programs. The Ukrainian Ministry of Digital Transformation, Everstake, and cryptocurrency exchange FTX collaborated on the donation platform.

 

The cryptocurrency donation website is now operational

On Monday, Ukraine’s Ministry of Digital Transformation announced the launch of the official “Aid For Ukraine” website, which will raise funds for the Ukrainian armed forces and humanitarian aid programs in the fight against Russia. The crypto donation platform is a collaboration between Everstake, a staking service provider, and FTX, a cryptocurrency exchange.

 

Ukraine’s vice prime minister, Mykhailo Fedorov, confirmed Monday that the official website where anyone in the world can donate cryptocurrency to Ukraine has gone live.

 

“Aid For Ukraine is cooperating with the cryptocurrency exchange FTX, which converts crypto funds received into fiat and sends the donations to the National Bank of Ukraine,” the new donation website explains, adding:

 

This is the first time a cryptocurrency exchange has worked directly with a government-run financial institution to facilitate crypto donations.

The Aid For Ukraine website provides cryptocurrency addresses as well as bank account information for donations to the Ukrainian government. Donors can send bitcoin (BTC), ethereum (ETH), tether (USDT), polkadot (DOT), solana (SOL), dogecoin (DOGE), and monero (XMR) among other cryptocurrencies (XMR). Fiat donations in USD, EUR, GBP, AUD, and CAD are also accepted by the Ukrainian government.

 

At the time of writing, the donation site indicated that the community had raised more than $50 million.

The funds raised will be used for military equipment, as well as “informational counter-propaganda against Russian propaganda” and a “global communication campaign on true events in Ukraine,” according to Ukraine’s Ministry of Digital Transformation.

 

The funds will also be used for “cybersecurity and digital infrastructure recovery,” as well as “additional security and register migration, [and] the purchase of technical special equipment and facilities,” according to the ministry.

 

Ukraine’s deputy minister of digital transformation, Alex Bornyakov, revealed earlier this month that his government had spent $15 million in donated cryptocurrency on military supplies, including bulletproof vests.

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About Robert Oluoch

My focus is economic, politics, entertainment and gaming reviews. My aim is to depict the complication of life through the combination of words and creativity.

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