The Ukrainian government on Monday launched a crypto
donation website in collaboration with cryptocurrency firms FTX and Everstake.
The website will direct donations to Ukraine’s central bank as it fights a
devastating invasion by Russia.
“Aid for Ukraine”
website will currently accept donations in 10 cryptocurrencies, including
Bitcoin (BTC), Ethereum (ETH), Tether (USDT TRC-20), Polkadot (DOT), Solana
(SOL), Monero (XMR), ICON (ICX), NEO N3 (NEO) and Dogecoin (DOGE).
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“Cryptocurrencies play a significant role in
Ukraine’s defence,” said Oleksandr Borniakov, Ukraine’s deputy minister of
Digital Transformation in a statement.
“Cryptocurrency assets have proven to be extremely
valuable in facilitating the flow of funding to Ukrainian citizens and soldiers
and in raising awareness and interest among the global public,” he added.
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Ukraine’s Vice Prime Minister Mykhailo Fedorov, who also
serves as minister of digital transformation, wrote on Twitter, “The
official website where users from around the world can make crypto donations to
Ukraine goes live.”
The minister called for contributions, saying it has
never been so easy to support the country.
The website also plans to add the feature to donate
non-fungible tokens (NFTs) in the future.
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Ukraine has already raised more than $49 million in
Bitcoin (BTC), DOT, Ether (ETH), SOL (Solana), Tether (USDT) and other
cryptocurrencies, according to the website.
One of the largest crypto firms in Ukraine, Everstake
allows users to make donations in other cryptocurrencies than those listed on
the site.
The website also plans to add the feature to donate
non-fungible tokens (NFTs) in the future.
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Bahamas-based exchange platform FTX is converting the
donated funds into dollars and routing them to the National Bank of Ukraine.
FTX was founded by US billionaire Sam Bankman-Fried.
Ukraine-based cryptocurrency exchange platform Kuna is
also a part of this initiative.
According to the website, almost $49 million has been
raised out of a target of $200 million.
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The National Bank of Ukraine is using donations to fund
“humanitarian aid programs” as well as Ukraine’s armed forces. “The people will
continue their fight for freedom, but they need more ammunition and
necessities,” the website read.
