Ukrainian Ministry of Digital Transformation: A Large Portion of Humanitarian Aid In Crypto Is Spent On Military Supplies

05.03.2022 07:25
by Nina Petrov
2 min read

At the moment, Ukraine is a painful spot for many actors, including the crypto industry. On Friday, the Ukrainian deputy minister of Digital Transformation said that Ukraine spent over $15 million worth of humanitarian aid in crypto on military supplies.

In the following days, the Ukrainian government plans to receive another $50 million in crypto donated so far, mostly in Ether and Bitcoin. 

At the moment, donations are pouring into Ukraine in a variety of ways. 

On the one hand, many corporations announce large donations. Amazon, for example, announced a $10 million donation to the U.N.’s refugee agency and other organizations, coming from the company itself and its employees. Similar donations were announced by SnapChat, Google, Facebook, and Apple. Binance, the largest crypto exchange in the world, has promised to provide $10 million worth of humanitarian aid.

At the same time, there are grassroots movements and individuals doing what they can. There is a movement on Airbnb, where users are fictively booking homes in Ukraine, in order to financially help the hosts, wherever they are. 

The Ukrainian government is currently focused on designing an NFT collection and strengthening the country’s digital infrastructure, which is constantly under hacker attacks.

Author

  • Nina Petrov is a theoretical mathematician, passionate about new trends in the global economy and blockchain technology. She is a devoted content creator and editor, crypto-enthusiast and stock market analyst.

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