Ukraine Now Takes Polkadot, Says It Will Accept Other Coins Soon

Having already raised hundreds of thousands of {dollars} in main cryptocurrencies like bitcoin, Ukraine is now receiving donations in polkadot as nicely. The nation intends to broaden the listing of accepted cash because it more and more depends on assist from the crypto group to fund its protection towards Russia.

Ukraine Posts DOT Address, Receives First Polkadot Donations

In the face of an ongoing navy assault by the Russian military, Ukrainians have supplied crypto customers all over the world one other choice to help their trigger. Early on Tuesday, the Ukraine Twitter account revealed a DOT deal with together with a press release welcoming polkadot donations.

The submit expresses gratitude on behalf of the Ukrainian folks for the funds donated by the worldwide crypto group. It additionally reveals that help for extra cryptocurrencies will likely be launched within the close to future.

The folks of Ukraine are grateful for the help and donations from the worldwide crypto group as we defend our freedom. We are actually accepting Polkadot donations too: $DOT: 1x8aa2N2Ar9SQweJv9vsuZn3WYDHu7gMQu1RePjZuBe33Hv.
More cryptocurrencies to be accepted quickly.

— Ukraine / Україна (@Ukraine) March 1, 2022

The announcement comes after Gavin Wood, co-founder of Ethereum and creator of Polkadot, tweeted on Sunday that if Ukraine supplied a DOT deal with, he would ship $5 million within the cryptocurrency. At the time of writing, over $200,000 in polkadot has been acquired already.

If you submit a DOT deal with I’ll personally contribute $5m.

— Gavin Wood (@gavofyork) February 27, 2022

Ukraine has thus far collected round $40 million in main digital currencies similar to bitcoin (BTC), ether (ETH), and the stablecoin tether (USDT). Besides authorities in Kyiv, non-government organizations supporting the Ukrainian navy, similar to “Come Back Alive,” are additionally among the many recipients of the crypto assist.

There have been requires Ukraine to begin accepting different cryptocurrencies, together with the privacy-oriented monero (XMR), the crypto information outlet Forklog famous in a report. In a tweet following the polkadot announcement, the founding father of Tron, Justin Sun, additionally pledged to contribute $1 million, if the Ukrainians submit a TRX deal with.

While actively searching for to finance its protection and humanitarian efforts via cryptocurrency, the federal government in Kyiv has been urging the crypto business to chop Russia’s entry to the area. On Sunday, Ukraine’s Deputy Prime Minister Mykhailo Fedorov asked all main crypto exchanges to dam addresses of Russian customers. However, main buying and selling platforms like Binance and Kraken have thus far refused.

A day earlier, Fedorov, who can also be Ukraine’s minister of digital transformation, tweeted that the native crypto group is prepared to reward those that attain out with details about crypto wallets utilized by Russian and Belarusian politicians.

As Russia is being remoted from the worldwide monetary system via waves of western sanctions, together with the expulsion of some Russian banks from SWIFT, concerns have elevated that Moscow could flip to cryptocurrency as an instrument to avoid the imposed restrictions.

You can support Ukrainian families, children, refugees, and displaced people by donating BTC, ETH, and BNB to Binance Charity’s Ukraine Emergency Relief Fund.

Do you anticipate crypto donations for Ukraine to extend because the nation introduces new foreign money choices? Tell us within the feedback part under.