Crypto is shining when it comes to individuals expediting donations to Ukraine. Following Russia’s unprovoked invasion of the country, calls for donations, alongside government aid, have been posted on social media. As has been tracked by Elliptic, over $20 million in crypto has been donated from 23,000 transfers with one individual giving $3 million in crypto to a single NGO.
While some entities have been using GoFundMe, Patreon, etc., to seek donations to the beleaguered country, the immediacy of crypto transfers that are also low-cost proves that digital assets are the future of payments and transfers.
Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin, Ethereum and USDT.
BTC – 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P
ETH and USDT (ERC-20) – 0x165CD37b4C644C2921454429E7F9358d18A45e14
— Ukraine / Україна (@Ukraine) February 26, 2022
Leading Ukrainian English news source, Kyiv Independent has solicited crypto donations as well. Traffic to the site has soured in recent weeks with its Twitter followers going from around 20,000 to well over 1.3 million as the world seeks accurate information of the war.
For donations in crypto:
— The Kyiv Independent (@KyivIndependent) February 28, 2022
The Kyiv Independent stated that other Ukrainian media have not been as fortunate as they have been in raising money to continue their coverage and have since partnered on a shared GoFundMe charity page which has raised over £146,000 as of this writing.
Regarding the Ukrainian government’s request for support, its initial request for crypto donations was posted on February 26th