INSUBCONTINENT EXCLUSIVE:
Ukraine has increased the number of cryptocurrencies it is accepting for military donationsUkraine has increased the number of
cryptocurrencies it is accepting for military donations amid the ongoing conflict with Russia
People can contribute Dogecoin as a donation, according to Mykhailo Fedorov, Ukraine's vice prime minister
Dogecoin is a cryptocurrency that began as a joke and has gained traction gradually, It is often referred to as a “memecoin”
In his tweet, Mr Fedorov stated that Dogecoin had exceeded the Russian Ruble in value, and went on to add that “now, even meme can support
our army and save lives from Russian invaders”.Many cryptocurrency holders are extending a helping hand towards Ukraine
This is a step to empower them to fight against the invasion and help the citizens in this difficult time
Crypto donations are pouring in from every possible corner of the world
These donations will be used by the Ukrainian government in need.Till now, Ukraine was only accepting cryptocurrencies such as Bitcoin,
Ethereum, Tether, Solana and Polkadot
Anticipating the attacks to become more ferocious, Ukraine has now increased the number of cryptocurrencies it accepts for
donations.Uniswap, a cryptocurrency exchange, has also developed a feature that would enable users to convert any Ethereum-based digital
currency into ether and send it to the Ukrainian government.The Ukrainian government had even announced an airdrop for March 3 but cancelled
it about 29 hours after the initial announcement was made
Mr Fedorov tweeted, “After careful consideration, we decided to cancel airdrop
Every day there are more and more people willing to help Ukraine to fight back the aggression
Instead, we will announce NFTs to support Ukrainian Armed Forces soon.”Non-fungible tokens, or NFTs, are one-of-a-kind assets that are
verified and monitored using blockchain technology, such as a piece of digital art
The Ukrainian government has also received hundreds of NFTs, including a valued CryptoPunk, in addition to cryptocurrency donations.Ukraine
has already spent $15 million in cryptocurrency donations on military gear, including protective vests, according to a Bloomberg report
The report also stated that most of the donations were made in Bitcoin and Ether.
