On The Both Parties Of Something Like The Crisis Within Ukraine Cryptocurrency Is Playing A Major Role – The Coin Republic

• Thousands of anonymous individuals (along with a few organisations and prominent celebrities) have contributed more than US$100 million in crypto donations to oppose the invasion and aid those under siege since the fighting began.

• Ruble-crypto trading has increased since the war began, though from a tiny basis, and recent ruble-USDT (Tether) transactions reached US$30 million.

• we can all agree that it is fantastic that Ukraine is receiving support from the crypto community in the form of donations. These donations, which have recently surpassed $100 million, are helping to get crucial equipment, supplies, and even weapons into the hands of people who need it most.

When it comes to crypto and the Ukraine war, two very different accounts of events are emerging: one based on facts, and the other on irrational fears and speculation. In conclusion: Crypto is finding a way to contribute to the Ukrainian war effort while also assisting ordinary Russians.

More Than US$100 Million In Crypto Donations To Oppose The Invasion And Aid

Bitcoin and other crypto-assets such as Ether are demonstrating their utility as frictionless peer-to-peer money and are helping to support the war effort in Ukraine. Thousands of anonymous individuals (along with a few organizations and prominent celebrities) have contributed more than US$100 million in crypto donations to oppose the invasion and aid those under siege since the fighting began. On the other side of the border in Russia, some ordinary folks who have been blocked off from the global financial system and the digital economy are now turning to crypto-assets to hold wealth, conduct transactions, and even make payroll, according to a recent piece in the Wall Street Journal. 

Ruble-crypto trading has increased since the war began, though from a tiny basis, and recent ruble-USDT (Tether) transactions reached US$30 million. Despite not being compelled to do so, crypto platforms have been pressured to voluntarily shut down services to regular Russians, as have many other Western corporations such as Mastercard, Google, Apple, and others.

Recently Surpassed $100 Million

First and foremost, we can all agree that it is fantastic that Ukraine is receiving support from the crypto community in the form of donations. These donations, which have recently surpassed $100 million, are helping to get crucial equipment, supplies, and even weapons into the hands of people who need it most. You may give to the Red Cross or post an encouraging message on social media during the internet of information era (for which you might have been chastised for slacktivism). You can put guns in the hands of individuals fighting for their freedom on the internet of the value era, answering Volodymyr Zelensky’s plea when he declared, I don’t need a ride, I need ammunition.

The influx of donations is also having a beneficial impact on cryptocurrency adoption in Ukraine, which is currently ranked fourth in the world. Some military suppliers, in fact, have preferred crypto assets to fiat currency. According to Ukraine’s deputy minister of defense, It is easier, not complicated, transparent, and speedier in comparison to a SWIFT transaction, which may take more than a day.

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