Ukraine Now Accepts Dogecoin & Solana Donations, Crowdfunding Efforts Raise $35M

Expanding the pool of cryptos that the country accepts, Ukraine now endeavors to expand its donations’ reservoir by permitting donations of dogecoin, among other cryptocurrencies for its defense against Russia. On Wednesday, Mykhailo Fedorov, vice prime minister of Ukraine, informed that people can send dogecoin as a donation: Dogecoin is a cryptocurrency that originally started off as a joke/meme and has been talked up by Tesla founder Elon Musk, as per CNBC.

“We start to accept donations in meme coin. Now even meme can support our army and save lives from Russian invaders,” wrote Vice Prime Minister Mykhailo Fedorov. He even included the address for the country’s official dogecoin wallet in the message to benefit his roughly 180,000 Twitter followers in collecting funds for the country’s defense. The move also resulted in one of the country’s top leaders calling on the centibillionaire Elon Musk (a pro-Doge crypto investor), dogecoin creator Billy Markus, and other dogecoin owners to help support its wartime efforts. 

Increased Tensions: Aid For Ukrain Solana Collab

He posted the message following Russia’s apparent acceleration of its attack on the former Soviet republic, Market Insider notes. Russian forces on Tuesday intensified attacks in the city of Kharkiv by reportedly firing missiles that hit government offices as well as residential areas. 

Earlier, on Tuesday, Fedorov tweeted about a project called Aid For Ukraine. It is allegedly a collaboration between the Ukrainian government, Everstake, and a cryptocurrency blockchain platform called Solana. As a result, people can now donate to the Ukrainian government using Solana’s SOL, along with any other token based on the Solana platform.

Ukraine Also Accepts NFTs

Ukraine has branched out towards accepting non-fungible tokens or NFTs as donations in recent times. These are unique assets such as a piece of digital art stored using blockchain technology to verify and track each NFT, CNBC elucidates.

On the other hand, DOGE co-creator Markus has responded to Fedorov, telling him that he “sent some” undisclosed amount of the meme coin.

Sneh Dokania is an Economics major student with an inquisitive disposition seeking to articulate facts, information and news stories in a candid manner on Clout News.

Leave a Reply