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Cryptocurrency is playing a vital role in the ongoing Russia-Ukraine war crisis. Ukraine raised millions of dollars in donations in crypto coins like Bitcoin (BTC), Ethereum (ETH), and Polkadot (DOT). The world’s largest meme-coin DOGE is the latest addition to the list of coins Ukraine will receive donations in.
DOGE for Ukraine
Ukrainian Vice-Prime Minister, Mykhailo Fedorov announced that they are now accepting donations in DOGE coin. While he also said that now Dogecoin has exceeded the Russian ruble in value. While he also expects meme-coins to help them in this crisis.
@dogecoin exceeded Russian ruble in value. We start to accept donations in meme coin. Now even meme can support our army and save lives from Russian invaders. $DOGE owners of the world, @elonmusk, @BillyM2k, let's do it. Official $DOGE wallet: DS76K9uJJzQjCFvAbpPGtFerp1qkJoeLwL
— Mykhailo Fedorov (@FedorovMykhailo) March 2, 2022
Ukrainian Vice-Prime Minister tagging DOGE father Elon Musk hints that they might want him to step in. Meanwhile, Elon kept his word and sent the terminals for the Starlink in the war-torn country after the nation appealed him to do so.
Crypto donations for war-effort
In the first of a kind crypto donation for war efforts, Ukraine has crossed the $35 million mark. Donations in crypto are on a surge, as the nation raised over $10 million in a single day. Earlier, The Ukrainian government hinted that they are planning to expand the list of accepted coins as a donation to strengthen its defense against Russia.
It is being reported that organizations like ‘Come Back Alive’ other than the Ukrainian government are also receiving donations in cryptocurrency. Meanwhile, UkraineDAO was also been set up last week to raise funds for the war efforts.
Uniswap, a cryptocurrency exchange, built a function that swaps any Ethereum-based digital currencies into ETH and sends it directly to the Ukrainian government.
1/ To ensure that everyone who wants to donate ERC-20 tokens to the Ukrainian government 🇺🇦 can do so, we built an interface that swaps any token for ETH and then sends it directly to the Ukrainian government in a single transaction.https://t.co/3zuJLpmWNQ https://t.co/Fg3HSdbNSF
— Uniswap Labs 🦄 (@Uniswap) March 1, 2022
Ukrainian Vice-Prime Minister Fedorov expressed this gratitude towards Gavin Wood co-founder Polkadot for the $5 million donations.
Crypto community continue to support Ukraine. I am grateful to @gavofyork, who made an impressive donation of $5M from @Polkadot $DOT. This will certainly contribute to the Ukrainian victory as well as support civil people. We will win — the best people with us.
— Mykhailo Fedorov (@FedorovMykhailo) March 1, 2022
The cryptocurrency ecosystem has emerged as a key player amid the Russian invasion of Ukraine. A few weeks ago there were debates going on all over the globe regarding the adoption of cryptocurrencies. Now, people are donating their cryptocurrencies to help a nation to survive.
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