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Amid Russian Invasion, Ukraine Has Started Accepting Dogecoin Donations

Amid Russian Invasion, Ukraine Has Started Accepting Dogecoin Donations

NDTV
Monday, March 07, 2022 02:56:11 PM UTC

In order to generate funds in the wake of the Russian invasion, the Ukrainian government added Dogecoin to its list of approved cryptocurrencies

Ukraine has increased the number of cryptocurrencies it is accepting for military donations amid the ongoing conflict with Russia. People can contribute Dogecoin as a donation, according to Mykhailo Fedorov, Ukraine's vice prime minister. Dogecoin is a cryptocurrency that began as a joke and has gained traction gradually, It is often referred to as a “memecoin”. In his tweet, Mr Fedorov stated that Dogecoin had exceeded the Russian Ruble in value, and went on to add that “now, even meme can support our army and save lives from Russian invaders”. @dogecoin exceeded Russian ruble in value. We start to accept donations in meme coin. Now even meme can support our army and save lives from Russian invaders. $DOGE owners of the world, @elonmusk, @BillyM2k, let's do it. Official $DOGE wallet: DS76K9uJJzQjCFvAbpPGtFerp1qkJoeLwL 1/ To ensure that everyone who wants to donate ERC-20 tokens to the Ukrainian government ???????? can do so, we built an interface that swaps any token for ETH and then sends it directly to the Ukrainian government in a single transaction.https://t.co/3zuJLpmWNQhttps://t.co/Fg3HSdbNSF After careful consideration we decided to cancel airdrop. Every day there are more and more people willing to help Ukraine to fight back the aggression. Instead, we will announce NFTs to support Ukrainian Armed Forces soon. We DO NOT HAVE any plans to issue any fungible tokens

Many cryptocurrency holders are extending a helping hand towards Ukraine. This is a step to empower them to fight against the invasion and help the citizens in this difficult time. Crypto donations are pouring in from every possible corner of the world. These donations will be used by the Ukrainian government in need.

Till now, Ukraine was only accepting cryptocurrencies such as Bitcoin, Ethereum, Tether, Solana and Polkadot. Anticipating the attacks to become more ferocious, Ukraine has now increased the number of cryptocurrencies it accepts for donations.

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