Ukrainian officials have used funds from the government-launched crypto-donation platform to buy supplies for the country’s military in the midst of its ongoing war with Russia.
In a tweet on Friday, Ukraine’s digital transformation minister, Mykhailo Fedorov, announced that the country had bought five all-terrain vehicles that will be “useful for a difficult environment” – possibly related to conditions near the front lines with Russia or where roads have been damaged or destroyed. Funding for three of the ATVs originated from Aid for Ukraine, a platform the government launched in March that accepts crypto donations “to support people in their struggle for freedom.”
Three ATVs for defenders are funded for crypto donations @_AidForUkrainetwo more – delivered by the Minister of Defense @oleksiireznikov. These all-terrain vehicles will be useful for a difficult environment. Better Army performance – our common goal and great hope. pic.twitter.com/FxL1VyUNBd
– Mykhailo Fedorov (@FedorovMykhailo) May 13, 2022
At the time of publication, Aid for Ukraine reportedly raised more than $ 60 million in Bitcoin (BTC), Ether (ETH), Tether (USDT), Polkadot’s DOT, Solana’s SOL and USD Coin (USDC). Fedorov reported on Wednesday, the government had already used some of the funds to provide 5,000 gas masks to state border guards and the military. Help for Ukraine also has bought more than 5,000 “optical and thermal imaging devices” for the nation’s military since the war began; tablets celis to help Ukrainians fleeing the country find housing and help; bulletproof vests; medical supplies; vehicles; and clothes
The better our soldiers see the inhabitants – the better we see our victory coming. pic.twitter.com/KSFT0lUrNh
– Aid for Ukraine (@_AidForUkraine) May 4, 2022
Related: The Ukrainian invasion shows why we need crypto regulation
Since the beginning of the Russian military invasion in February, the Ukrainian government has repeatedly turned to the crypto space as a solution to receive funding from the parties concerned. Fedorov announced in April that the government would accept contributions to the war effort in the form of unbreakable tokens, or NFTs, which in turn would be sold to “contribute to Ukraine’s victory,” and it was recently. launched charity NFT collection with pieces by Ukraine’s video game developers and digital artists.