© Reuters
Investing.com – Ukraine has expanded the number of cryptocurrencies that can be donated. The funds raised are intended to supply his army which badly needs resources to resist the Russian invasion.
In this regard, Mykhailo Fedorov, Ukrainian Deputy Prime Minister, said on Wednesday that donations could be made through the sending of dogecoins.
From meme to military support
The dogecoin, which at first was just a joke, finds itself participating in the war effort of Ukraine. The crypto first found an audience thanks to the support of Elon Musk who spoke about it several times.
It is often nicknamed “memecoin”, in reference to popular internet jokes. “Now even memes can support our army and save lives from Russian invaders,” Fedorov tweeted.
Other crypto projects to the rescue of Ukraine
Mr. Fedorov tweeted on Tuesday (NYSE:) about a project called Aid For Ukraine which is a collaboration between the Ukrainian government, Everstake and . The project allows donations in Solana as well as any other Solana-based digital token.
Meanwhile, has built a function that allows people to convert any ether-based digital currency into ether and send it to the Ukrainian government.
Fedorov also said that Gavin Wood, the co-founder, donated the equivalent of $5 million to Ukraine.
On February 26, Ukraine started accepting cryptocurrencies for donations and started with , ether and tether.
A popular aid
The Ukrainian government has raised $35 million, through more than 35,000 cryptocurrency donations since the start of the Russian invasion, according to Elliptic, a blockchain analytics firm.
However, crypto donations remain relatively small compared to funds raised through war bonds, which brought in around $270 million.
Cryptocurrencies have become a hot topic during this dispute. While they help fund the Ukrainian war effort, there are fears the Russians are using them to circumvent sanctions.
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