Written by 12:12 pm Fintech/Cryptocurrency, News, Tech Views: 0

Ukraine Launches Official Website For Cryptocurrency Donations

Ukraine launches cryptocurrency website for cryptocurrency donation.

Ukraine wants to raise funds to support its armed forces and humanitarian aid programs in the fight against Russia.

The Ministry of Digital Transformation of Ukraine, Everstake, and cryptocurrency exchange FTX partnered to launch the website.

Government’s Crypto Donation Website Now Live

Recall that following the military operation which Russia launched in Ukraine, many sympathisers have been donating crypto to Ukraine.

ALSO READ: Russia Invades Ukraine: Let’s Compare Their Military Power

The government which has solicited for more donations said it would use the funds to aid its fight against Russia.

The Ministry of Digital Transformation of Ukraine announced the launch of the official “Aid For Ukraine” website .

The crypto donation platform is in partnership with staking service provider Everstake and cryptocurrency exchange FTX.

Also, in a tweet announcing the website, vice prime minister of Ukraine, Mykhailo Fedorov, confirmed that anyone around the world can donate cryptocurrency to the official website.

He also announced that the website had gone live.

The new donation website describes, “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.”

“This marks the first-ever instance of a cryptocurrency exchange directly cooperating with a public financial entity to provide a conduit for crypto donations.”

Features of the website:

The Aid For Ukraine website features a list of crypto addresses to donate.

It also lists Ukrainean Government’s bank account details for donation.

Cryptocurrencies to donate:

According to the website, you can send different types of cryptocurrencies, including bitcoin (BTC).

Others include ethereum (ETH), tether (USDT), polkadot (DOT), solana (SOL), dogecoin (DOGE), and monero (XMR).

Meanwhile, the Ukrainian government said it also accepts fiat donations in USD, EUR, GBP, AUD, and CAD.

Donations so far:

As at 11 am (CAT), the Ukranian community had raised over $50 million.

Ukraine’s Ministry of Digital Transformation added that it will spend the funds it raised on military equipment

as well as “informational counteraction to Russian propaganda” and a “global communication campaign on true events in Ukraine.”

The funds will also be used in “cybersecurity and digital infrastructure recovery, providing additional protection and migration of registers, [and the] purchase of technical special equipment and facilities,” the ministry noted.

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

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