During the past few days, the team at Visa (NYSE: V) has been watching the tragic scenes in Ukraine with “deep sadness and disbelief.” The firm noted that their “hearts go out to the many people and families seeking safety, shelter and peace following the invasion of Ukraine.”
Visa also mentioned that their number one priority “is ensuring the safety and security of [their] colleagues who are directly impacted.” They also want to support, together with their employees and Visa Foundation, “humanitarian efforts to help meet basic needs.”
To that end, Visa Foundation will “provide a $2 million grant to the U.S. Fund for UNICEF to support humanitarian aid to the people of Ukraine.”
The company added that they are proud “to support the courageous work of UNICEF and their humanitarian relief efforts.” Visa will also “double match all employee donations (up to $1 million) to the Ukraine response funds of UNICEF and the Red Cross.”
Beyond these efforts, Visa is “taking prompt action to ensure compliance with applicable sanctions, and is prepared to comply with additional sanctions that may be implemented.”
The firm also noted that their thoughts “are with the Ukrainian people and all those impacted. We hope for a peaceful resolution soon.”
For additional information on their approach, you may check out Visa Foundation and Visa’s approach to Social Impact.
The Ukraine government as well as other NGOs and media firms have also utilized cryptocurrency to quickly, and instantly raise dearly needed funds as the Russian war against Ukraine devastate the country.
As covered, tens of millions of dollars have now been donated to Ukraine via various crypto wallets. The amount has exceeded $52 million, according to Merkle Science.
As reported, Merkle shared that the Ukrainian government leads in receiving donations at over $6 million. The government has also announced that it was now accepting Polkadot (DOT) donations and within 24 hours, the wallet recorded more than $6 million in incoming transactions.
Among the top 5 organizations receiving donations was Unchain Ukraine, created by blockchain activists and backed by crypto companies such as Polygon, Solana, Yearn.Finance, NEAR Protocol, Celo, and more. Unchain Ukraine aims to support NGOs such as Voices of Children, International Medical Corps, and the Polish Center for International Aid.