Ukraine Buys Military Gear Worth $15M Using Crypto Donations

Fast take:

• Ukraine has bought army gear with $15 million from crypto donations
• The provides embody bulletproof vests, night time imaginative and prescient goggles, medical gear, and military-grade meals rations
• Complete crypto donations to Ukraine have exceeded $64.6 million
• Ukraine’s Vice Prime Minister, Mykhailo Fedorov, is optimistic donations will hit $100 million this week

Ukraine has reportedly utilized $15 million value of crypto donations to buy numerous non-lethal army provides which embody bulletproof vests, night time imaginative and prescient goggles, medical gear, and military-grade meals rations.

The replace on the utilization of crypto donations was offered by Ukraine’s Deputy Minister of Digital Transformation, Alex Bornyakov, throughout a Zoom interview from an undisclosed location throughout the nation.

On the time of writing, complete crypto donations in the direction of the army and humanitarian effort in Ukraine have surpassed $64.6 million. One donation got here within the type of a CryptoPunk NFT that offered for over $43,000 in 2021.

Donations to Ukraine have continued to extend with the Vice Prime Minister and Minister of Digital Transformation, Mykhailo Fedorov, optimistic that the funds drive will hit $100 million this week. He said:

The Crypto Fund of Ukraine raised $50M in crypto in every week to help #Ukraine. An unbelievable unity earlier than Putin’s encroachment on freedom and democracy. Aiming for $100M this week. We WILL win!

On the identical time, Vice Prime Minister Fedorov has been requesting a number of world corporations to stop offering services and products to Russia as a approach of pressuring President Putin to cease the conflict. He has to date despatched requests to SAP, Oracle, Apple, Google, Netscout, Figma, Hitachi, Amazon and Microsoft, simply to call a couple of.

Vice Prime Minister Fedorov has additionally requested UnionPay to halt its plans of offering another funds platform in Russia after Visa and Mastercard suspended all companies to the nation. In his plea to UnionPay, he identified that ‘Russian cash is bloody’ and that it helped ‘Russian missiles assault dwelling homes, kindergartens and hospitals in Ukraine and kill civilians.’

[Feature image courtesy of Unsplash.com]