In order to generate funds in the wake of the Russian invasion, the Ukrainian government added Dogecoin to its list of approved cryptocurrencies
Ukraine has increased the number of cryptocurrencies it is accepting for military donations amid the ongoing conflict with Russia. People can contribute Dogecoin as a donation, according to Mykhailo Fedorov, Ukraine’s vice prime minister. Dogecoin is a cryptocurrency that began as a joke and has gained traction gradually, It is often referred to as a “memecoin”. In his tweet, Mr Fedorov stated that Dogecoin had exceeded the Russian Ruble in value, and went on to add that “now, even meme can support our army and save lives from Russian invaders”.
Many cryptocurrency holders are extending a helping hand towards Ukraine. This is a step to empower them to fight against the invasion and help the citizens in this difficult time. Crypto donations are pouring in from every possible corner of the world. These donations will be used by the Ukrainian government in need.
Till now, Ukraine was only accepting cryptocurrencies such as Bitcoin, Ethereum, Tether, Solana and Polkadot. Anticipating the attacks to become more ferocious, Ukraine has now increased the number of cryptocurrencies it accepts for donations.
Uniswap, a cryptocurrency exchange, has also developed a feature that would enable users to convert any Ethereum-based digital currency into ether and send it to the Ukrainian government.
Ukraine has already spent $15 million in cryptocurrency donations on military gear, including protective vests, according to a Bloomberg report. The report also stated that most of the donations were made in Bitcoin and Ether.
Source : Ndtv.com
