Bitcoin To The Rescue: Here's Why Ukraine Has Turned To Crypto Donations
NDTV
Crypto donations are of value to Ukraine because they are less influenced by geopolitical or macroeconomic factors
Cryptocurrencies have taken on an unprecedented role in the war in Ukraine, helping the government raise millions of dollars to fund its fight against the Russian invasion.
Why has Ukraine turned to cryptocurrencies, and how is the nascent crypto industry changing its reputation and having an impact amid the clouds of war?
How much crypto has been raised? At the outset of the conflict, Ukrainian officials posted addresses for two crypto wallets on their Twitter account, giving donors a direct and clear address to which to send contributions.
The wallets attracted more than $10.2 million (9.2 million euros) just four days after the start of the invasion.
