Now even meme can support our army
Ukraine accepts dogecoin, other cryptocurrencies for donations as funding rises to $35 million
Ukraine has started to accept dogecoin and other cryptocurrencies such as solana as donations toward its military as Russia’s invasion continues.
The Ukrainian government has raised $35 million, through more than 35,000 cryptoasset donations since the start of the Russian invasion, according to Elliptic, a blockchain analytics company. Cryptocurrencies have become a prominent feature of the war between Russia and Ukraine.
Ukraine has expanded the number of cryptocurrencies it is accepting for donations toward its military as Russia’s invasion continues.
On Wednesday, Mykhailo Fedorov, vice prime minister of Ukraine, said people can send dogecoin as a donation. Dogecoin is a cryptocurrency which originally started off as a joke and has been talked up by Tesla founder Elon Musk.
It is often dubbed a “memecoin,” referring to popular internet jokes.
“Now even meme can support our army and save lives from Russian invaders,” Fedorov tweeted.
Cryptocurrencies have become a prominent feature of the war between Russia and Ukraine. There has been speculation that Russians could use cryptocurrencies to get their money out of the country to evade sanctions, though experts said this could be extremely difficult.
Last week, Fedorov called on major cryptocurrency exchanges to block the accounts of Russian users. Binance, the world’s biggest exchange, said it would block addresses of any users that had been sanctioned, but not accounts of all Russians.