The Ukrainian government has launched an official cryptocurrency donation website to raise funds in support of the Ukrainian armed forces and humanitarian aid programs in the fight against Russia. The donation platform is a collaboration between the Ministry of Digital Transformation of Ukraine, Everstake, and cryptocurrency exchange FTX.
Government’s Crypto Donation Website Now Live
The Ministry of Digital Transformation of Ukraine announced Monday that it has launched the official “Aid For Ukraine” website to raise funds in support of the Ukrainian armed forces and humanitarian aid programs in the fight against Russia. The crypto donation platform is in partnership with staking service provider Everstake and cryptocurrency exchange FTX.
Mykhailo Fedorov, vice prime minister of Ukraine, tweeted Monday confirming that the official website where anyone around the world can make cryptocurrency donations to Ukraine has 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,” elaborating:
This marks the first-ever instance of a cryptocurrency exchange directly cooperating with a public financial entity to provide a conduit for crypto donations.
The Aid For Ukraine website lists crypto addresses as well as bank account information for the government of Ukraine for donation. Donors can send several cryptocurrencies, including bitcoin (BTC), ethereum (ETH), tether (USDT), polkadot (DOT), solana (SOL), dogecoin (DOGE), and monero (XMR). The Ukrainian government also accepts fiat donations in USD, EUR, GBP, AUD, and CAD.
At the time of writing, the donation site indicates that over $50 million have been raised by the community.
The Ministry of Digital Transformation of Ukraine further explained that the funds raised will be spent 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.
What do you think about the Ukrainian government launching a cryptocurrency donation website? Let us know in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Credit: Source link
Bitcoin 
Ethereum 
XRP 
Tether 
Solana 
BNB 
USDC 
Dogecoin 
Lido Staked Ether 
TRON 
Cardano 
Wrapped stETH 
Chainlink 
Hyperliquid 
Wrapped Beacon ETH 
Wrapped Bitcoin 
Ethena USDe 
Sui 
Figure Heloc 
Stellar 
Wrapped eETH 
Avalanche 
Bitcoin Cash 
WETH 
Hedera 
LEO Token 
Litecoin 
Cronos 
Toncoin 
USDS 
Shiba Inu 
Binance Bridged USDT (BNB Smart Chain) 
Coinbase Wrapped BTC 
Polkadot 
WhiteBIT Coin 
Uniswap 
Ethena Staked USDe 
World Liberty Financial 
Ethena 
Mantle 
Monero 
Aave 
Bitget Token 
Pepe 
Dai 
OKB 
MemeCore 
Jito Staked SOL 
Ondo 
NEAR Protocol