- Ukraine is soliciting cryptocurrency donations in the form of Tether, Ether or Bitcoin.
- The country appealed for digital funding on its Twitter account on Saturday.
- The request comes as crypto donations have started to arrive in the country.
Ukraine is now asking for cryptocurrency donations to support itself against Russian attacks.
The country’s official Twitter account announced on Saturday that it is now accepting crypto, writing in a tweet That he will take donations in the form of Bitcoin, Ether and Tether.
“Stand with the people of Ukraine as we defend ourselves from Russian aggression,” the country tweeted.
The request comes as bitcoin donations have begun to support Ukraine after Russian President Vladimir Putin authorized a full-scale attack against the country on Thursday. Russian forces are now moving toward the Ukrainian capital, Kiev, and the city’s mayor, Vitaly Klitschko, has issued a strict curfew for the city.
According to blockchain analytics company Elliptic, Come Back Alive — a Ukraine-based nonprofit that raises money for medical kits and military gear — has already raised $4 million worth of bitcoin since the invasion began earlier this week. has gathered.
The organisation, which Ukraine’s official website describes as the country’s “main charity fund”, previously accepted donations through a Patreon page which was later suspended by the platform due to its connections to the non-profit military. Was.
“We do not allow Patreon to be used to finance weapons or military activities,” Patreon said in a blog post. “This is a violation of our policies, and therefore we have removed the page.”
Elliptic head of research Jess Symington told Insider on Friday that cryptocurrency donations offer an alternative to navigating the complex international banking system. He said the digital currency allows donors to send money internationally more seamlessly and avoid financial institutions that can block money transfers.
“It’s a new factor in potentially complex situations – the idea of fundraising and crowdfunding for defense efforts,” she said.