The Ukrainian government has reached out to the crypto community on
Twitter to raise funds to support its civilians and troops.
Within the first week of the Russia-Ukraine war, the Ukrainian
government has reached out to the crypto community on Twitter for
raising funds to support its civilians and troops. Ukraine has now
started accepting Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) as donations.
As
Russia threatens to take over Ukraine’s capital city of Kyiv, the
government of Ukraine sought help from numerous international
organizations to overpower the imminent threat. However, considering
time is of the essence, the official Twitter account of Ukraine extended
its call for help to Crypto Twitter.
Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin, Ethereum and USDT.
— Ukraine / Україна (@Ukraine) February 26, 2022
BTC - 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P
ETH and USDT (ERC-20) - 0x165CD37b4C644C2921454429E7F9358d18A45e14
Additionally, the Vice Prime Minister of Ukraine Mykhailo Fedorov
also shared three crypto wallet addresses urging the crypto community to
donate and help Ukraine fight against the Russian troops. While the BTC
and ETH addresses remain the same, Fedorov’s USDT wallet address is
TRC20-based (different from the address shared by Ukraine’s office
Twitter handle).
Stand with the people of Ukraine
— Mykhailo Fedorov (@FedorovMykhailo) February 26, 2022
Now accepting cryptocurrency donations. Ethereum. Bitcoin and Tether (USDTtrc20)
BTC — 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P
ETH — 0x165CD37b4C644C2921454429E7F9358d18A45e14
USDT (trc20) — TEFccmfQ38cZS1DTZVhsxKVDckA8Y6VfCy
Prominent crypto entrepreneurs including Ethereum co-founder Vitalik
Buterin initially suspected that the accounts requesting crypto
donations were hacked. However, American diplomat Tomicah Tillemann
later confirmed its legitimacy from Ukrainian Ambassador Olexander
Scherba.
Getting
— vitalik.eth (@VitalikButerin) February 26, 2022
some confirmations from a couple sources that it's legit. Deleting my
warning for now. But continue to be vigilant, and always be slow and
careful when sending irreversible crypto transactions. https://t.co/Odv5pxf3mp
As a direct result of the ongoing war, Ukrainian civilian-turned
refugees have reported the loss of access to their fiat savings and
credit cards. The United Nations (UN) reported that over 150,000 people
have been displaced from Ukraine as of Feb. 26.
My Ukrainian credit cards don't work anymore. I'm safe physically in Kazakhstan, but all my savings are gone.
— ARTYOM FΞDOSOV (@usleepwalker) February 25, 2022
Crypto is the only money I still have, and today I can say without exaggeration that $BTC, $ETH, and #NFT are going to save my life while I can't come back home.
While confusion prevailed about the intended use of the crypto
donations, Buterin shared another decentralized autonomous organization
(DAO) initiative that focuses solely on Ukrainian citizens.
An opportunity to support Ukrainians here! Proceeds go to civilian efforts helping Ukrainians suffering from the war. https://t.co/GD7Qlw61nT
— vitalik.eth (@VitalikButerin) February 26, 2022
UkraineDAO, led by Pussy Riot’s Nadya Tolokonnikova, launched with
the release of a 1/1 nonfungible token (NFT) of the Ukrainian flag to
raise funds for Ukrainian civilian organizations to help those suffering
from the war initiated by Putin.
On Feb. 24, Cointelegraph
reported that Ukraine’s Ministry of Defence received numerous requests
from foreigners for crypto donations.
crypto donations could be helpful: its really easy, fast, cheap and secure
— timo (@tymo_tt) February 24, 2022
also consider this method
Although unconfirmed, it is now believed that proceedings to the
addresses shared by the Ukrainian government will be used directly by
the government while the DAO proceedings will be redirected towards the
citizen welfare via an NGO.
Related: Crypto community reacts to Russia's war in Ukraine
As
soon as the Russia-Ukraine war broke out, prominent crypto
entrepreneurs took proactive efforts to aid Ukrainians. FTX CEO Sam
Bankman-Fried was one of the first to offer monetary support to FTX
traders from Ukraine.
we just gave $25 to each Ukrainian on FTX
— SBF (@SBF_FTX) February 24, 2022
do what you gotta do
As Cointelegraph previously reported, the Ministry of Defense was asked by the crypto community to set up provisions to accept crypto donations — which was previously unavailable.
source link : https://cointelegraph.com/news/ukraine-accepts-bitcoin-ethereum-usdt-donations-to-fund-ongoing-war
