In the war against Russia, the government of Ukraine has opened an official cryptocurrency donation website to generate contributions for the Ukrainian military forces and humanitarian relief initiatives. The Ukrainian Ministry of Digital Transformation, Everstake, and cryptocurrency exchange FTX collaborated on the contribution platform.
On Monday, Ukraine’s Ministry of Digital Transformation announced the opening of the official “Relief For Ukraine” website, which will gather donations for the Ukrainian military forces and humanitarian aid programs in the struggle against Russia. The crypto contribution platform is a collaboration between Everstake, a staking service provider, and FTX, a cryptocurrency exchange.
Ukraine’s vice prime minister, Mykhailo Fedorov, said that the official website where anybody in the world may donate bitcoin to Ukraine had gone online.
“Aid For Ukraine is partnering with the cryptocurrency exchange FTX, which transforms crypto monies received into fiat and distributes the donations to the National Bank of Ukraine,” the new donation website explained. “This is the first time a cryptocurrency exchange has worked directly with a government-run financial institution to facilitate crypto contributions.”
The Aid For Ukraine website provides cryptocurrency addresses and bank account details for donations to the Ukrainian government. Donors can send bitcoin (BTC), Ethereum (ETH), tether (USDT), Polkadot (DOT), Solana (SOL), dogecoin (DOGE), and Monero (XMR), among other cryptocurrencies (XMR). Fiat donations in USD, EUR, GBP, AUD, and CAD are also accepted by the Ukrainian government.
The community has already raised more than $50 million, according to the contribution portal.
The cash received will be used for military weapons and “informational counter-propaganda against Russian propaganda” and a “global communication campaign on genuine events in Ukraine,” according to Ukraine’s Ministry of Digital Transformation.
The money will also be used for “cybersecurity and digital infrastructure recovery,” as well as “extra security and registration migration, [and] the procurement of technical special equipment and facilities,” according to the ministry.
Ukraine’s deputy minister of digital transformation, Alex Bornyakov, announced earlier this month that his government had spent $15 million in donated bitcoin for military gear, including protective vests.
