The Ukrainian government is calling for donations to support it in its fight against the Russians.
The country's official account on Saturday said that it will accept donations in the form of ether, ether, and tether.
Stand with the people of Ukraine as we defend ourselves from Russian aggression.
Donations to support Ukraine have started pouring in after Russian President Vladimir Putin authorized a full-scale attack against the country. The mayor of the Ukrainian capital of Kyiv has imposed a curfew because of the advance of Russian forces.
According to Elliptic, a Ukrainian nonprofit that raises money for medical kits and military gear has raised $4 million in the last few days.
The organization, which Ukraine's official website describes as the country's main charity fund, had previously accepted donations through a Patreon page which was subsequently suspended by the platform due to the nonprofit's connection to the military.
We don't allow Patreon to be used for funding weapons or military activity, and so we have removed the page.
According to Jess Symington, research lead at Elliptic, donations of cryptocurrencies are an alternative to navigating complex international banking systems. She said that the digital currency allows donors to send funding internationally and avoid financial institutions that may block money transfers.
She said that this is a new factor in complex situations and that the idea of raising money for defense efforts is a new one.
All Rights Reserved © 2024
