Wednesday, November 29, 2023

Crypto donations fund ATVs and gas masks for Ukrainian military

Ukrainian officers have used funds from the crypto donation platform launched by the federal government to buy provides for the nation’s military amid its ongoing battle with Russia.

In a Friday tweet, Ukraine’s minister of digital transformation, Mykhailo Fedorov, introduced that the nation had purchased 5 all-terrain autos, which “will come in useful for a difficult setting” — probably referring to situations close to the entrance traces with Russia or the place roads have been broken or destroyed. Funds for three of the ATVs originated from Help for Ukraine, a platform the federal government launched in March that accepts crypto donations “to assist folks of their struggle for freedom.”


On the time of publication, Help for Ukraine has reportedly raised greater than $60 million in Bitcoin (BTC), Ether (ETH), Tether (USDT), Polkadot’s DOT, Solana’s SOL and USD Coin (USDC). Fedorov reported on Wednesday that the federal government had already used a few of the funds to produce 5,000 gas masks to state border guards and the military. Help for Ukraine has additionally purchased greater than 5,000 “optical and thermal imaging gadgets” for the nation’s military for the reason that battle started; tablets aimed at serving to Ukrainians escaping the nation discover lodging and assist; bulletproof jackets; medical provides; autos; and clothes

Associated: The Ukraine invasion exhibits why we want crypto regulation

For the reason that starting of the Russian military invasion in February, the Ukrainian authorities has turned to the crypto house many instances as an answer for receiving funds from involved events. Fedorov introduced in April that the federal government would settle for contributions towards the battle effort within the type of nonfungible tokens, or NFTs, which is able to in flip be bought to “contribute to the Ukrainian victory,” and it lately launched a charity NFT assortment with items from Ukraine’s online game builders and digital artists.