The official showed his enthusiasm for the backup that his country constantly receives from crypto enthusiasts and even predicted that donations could gather more than USD 100 million if the contribution continues by the end of this week.
Various recent reports highlight that Ukraine collected more than USD 64.4 million in donations through digital currencies due to the channels activated by the government and other organizations under the current administration’s power.
According to information revealed by the Slowmist.com portal, based on data shared by the Deputy Minister of Digital Transformation of Ukraine, Alex Bornyakov, the donations received appear this way: Government of Ukraine: USD 39.4 million, NGO Come BackAlive: USD 15.2 million, UkraineDAO: $6.3 million, Unchain Fund: $2 million, AidForUkraine: $1.4 million, Ukraine Cyber Police: $95,000, Estimated total: $64.4 million.
The money these organizations sent got channeled through digital currencies and digital assets received in these last few days. The destination of these funds will be the support of military activities, supplies, equipment, and humanitarian causes to support the residents of the country.
These funds would help citizens cope with the violent and uncertain situation they are going through after the armed incursion currently executed by Russian forces in their nation.
According to these results, the Deputy Prime Minister of Ukraine, Mykhailo Fedorov, showed optimism about the support received and highlighted that if everything goes the same way as it has been, the global balance might surpass USD 100 million by the end of this week.
Fedorov’s Requests
Fedorov has been one of the officials who receive notoriety in light of the ongoing armed conflict since he openly asked for support through official channels to counteract the invasion of Russian troops.
Among the most controversial requests to pressure President Putin to stop the war, Fedorov asked companies such as SAP, Oracle, Apple, Google, Netscout, Figma, Hitachi, Amazon, and Microsoft to block their services in Russian regions. Many entities supported the request to condemn the actions encouraged by the Soviet nation against Ukraine.
Visa and Mastercard also stopped their services in Russian regions, and now Fedorov asks UnionPay to apply the same procedures to prevent armed incursions from keep getting financially fed.
In this regard, Fedorov explained that the Ukrainian crypto fund managed to collect $50M in crypto assets in a matter of one week to support #Ukraine. He also praised the unity before Putin’s move against freedom and democracy and predicted a possible hit of $100 million by the end of this week. The tension between the two countries intensified since they accorded a cease to fire in the recent days, to evacuate and let citizens and civilians leave the country safely.
By: Jenson Nuñez
