cryptonews.com
Per crypto research firm Elliptic's March 11 update, the Ukrainian government has raised USD 63.8m through more than 120,000 cryptoasset donations since the start of the Russian invasion.
Meanwhile, Bornyakov has also praised crypto's efficiency, noting that blockchain clearing and settlements are conducted in near real-time. In contrast, settlements made via the traditional banking system usually require two or three days.
“In a situation like this, where the national bank is not fully operating, crypto is helping to perform fast transfers, to make it very quick and get results almost immediately,” he said several days ago, adding that crypto's "role is essential in this conflict in terms of helping our army."
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As previously reported, those who wish to donate (be it in crypto or fiat) have increasingly more options to choose from (just be careful of the increasing number of scams too), some of which include:
- Come Back Alive, a non-profit that supports Ukraine’s armed forces;
- The Kyiv Independent, Ukraine-based independent news outlet;
- The National Bank of Ukraine opened a special fundraising account to support the Armed Forces of Ukraine;
- The Ministry of Defense of Ukraine is also asking for donations for logistical and medical support of the Armed Forces of Ukraine in UAH;
- Hospitallers, a volunteer paramedic organization. Accepts crypto too.
- The Return Alive Foundation (accepts BTC, EUR, USD);
- UkraineDAO, launched by a member of the famous Russian feminist punk protest group Pussy Riot and NFT collectives Trippy Labs and PleasrDAO;
- Unchain Foundation, a charity started by the Ukrainian blockchain community.
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Learn more:
- Kraken to Distribute USD 10M to Ukrainian Clients, Total Donations 'Close to USD 100M'
- Ukraine Deputy Minister Praises Crypto Efficiency; Donations Spent on Military Necessities
- Ukrainian Government to Launch an NFT Collection as a 'War Museum'
- Check These Ukraine NFT Projects Against the Russian Invasion
- Japanese Crypto Exchanges Told to Block Sanctioned Russians’ Crypto Transactions
- Ukraine Tether Trading Volume Sees Strong Growth, Persistent Premiums