Through the Aid for Ukraine donation initiative, the government of the country has already collected 54 million US dollars, which were explicitly made available for the fight against Russia.
As Deputy Prime Minister Mykhailo Fedorov announced on Twitter on Thursday, the corresponding funds flow directly into war equipment. With this, the crypto community is meeting a demand that is difficult to enforce in international negotiations for Ukraine. The thanks are correspondingly great:
“Every helmet, bulletproof vest and night vision device protects the lives of our Ukrainian soldiers. Therefore, we must continue to support our defenders. Many, many thanks to the crypto community for their support of Ukraine!“
In addition to the use of the donations (see below), the Ministry of Digital Transformation of Ukraine also breaks down the form in which they were received in each case, thus: 10,190 Ethereum (ETH) worth 18.7 million US dollars, 595 Bitcoin (BTC) worth 13.9 million US dollars, Tether (USDT) worth 10.4 million US dollars and USD Coin (USDC) worth 2.2 million US dollars were received.
With $54M raised by @_AidForUkraine, we’ve supplied our defenders with military equipment, armor clothes, medicines and even vehicles. Thanks to the crypto community for support since the start of the full-scale invasion! Donation by donation to the big victory. Report below. pic.twitter.com/lifHAP8R4f
– Mykhailo Fedorov (@FedorovMykhailo) August 17, 2022
In addition to protective equipment, food and medicine, the donations will also be used for clearly military purposes, including riflescopes, night vision devices and reconnaissance vehicles. So Bitcoin & Co. are literally providing protection assistance to Ukraine, which is why even the ministry admits that “crypto plays a significant role in the defense of Ukraine”.
So cryptocurrencies have long ceased to be a neutral tool in war, but are also being instrumentalized for combat. However, it should be noted that there are also a number of fundraising campaigns for humanitarian aid in Ukraine, which are financed via crypto.