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The page states that the Ukrainian government will use the donations to finance its military forces. FTX will be responsible for exchanging crypto funds for fiat fiat currency is “legal tender” backed by a central government, such as the Federal Reserve, and with its own banking system, such as fractional reserve banking. It can take the form of physical cash, or it can be represented electronically, such as with bank credit. money.
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ElMinisterio de Transformación Digital digital technologies are these electronic tools that have the ability to generate, store or even process data. de Ucrania launched a new website in partnership with international exchange FTX, through which it will be able to receive donations to finance defense against Russia’s military forces.
FTX cooperates with Ukraine in crypto donation initiative
The initiative in question, called “Help for Ukraine “is part of a collaboration between the above-mentioned entities and the service Everstake, with which interested parties can send their donations in cryptocurrencies such as Bitcoin, Ether, Tether, Polkadot, Solana, Dogecoin, Monero and many others.
In this regard, the web page in question reads:
“This marks the first instance of a cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. cooperating directly with a public financial entity to provide a conduit for cryptocurrency donations… Help Ukraine with cryptocurrencies, don’t leave us alone with the enemy.”
The work of FTX in this initiative will be to exchange the cryptocurrency donations received for fiat money, and then send those funds to the official account an account is essentially a whose purpose is to track the financial activities of a specific asset/ of the National Bank of Ukraine.
About the new website
The launch of the new website by the Ukrainian government constitutes the official use of cryptocurrencies, which will be used to support the country in the midst of the difficult times it is going through in the face of the armed conflict that the Russian government is promoting in its territory.
The website contains a regularly updated counter, which keeps track of the total amount of crypto donations received at the time of consultation. As a goal, the Ukrainian government has set a target of receiving the equivalent of USD $200 million, and there are also channels for donors who do not have these assets to fund the campaign with fiat money.
Commenting on this, Ukraine’s Deputy Prime Minister for Digital Transformation Mykhailo Fedorov wrote:
“Every helmet, bulletproof suit and night visor saves the lives of Ukrainian soldiers. Therefore, we must continue to support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. our defenders. Many thanks to all those members of the crypto community for supporting Ukraine.”
For his part, Ukraine’s Deputy Minister of Digital Transformation Alex Bornyakov noted:
“Today, cryptocurrencies play an important role in the defense of Ukraine. Many thanks to the crypto community for this unprecedented support for Ukraine and the defense of the principles of democracy and freedom in the face of the war waged by the Russian Federation.”
At the time of going to press the website notes that just over $48.4 million has been received. The initiative also supports the launch of a collection of NFTs non-fungible token, a unique non-interchangeable piece of digital content that is stored on a distributed ledger (blockchain). to be marketed by the Ukrainian government, which will feature images chronicling the wartime chronicle of events so far.
- Ukrainian government prepares to launch NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. collection: it will be like a “war museum”.
- 5 NFT projects that are raising funds to help Ukraine
- OnlyFans donated USD $1.3 million in Ethereum a decentralized open-source blockchain with smart contracts functionality. to DAO decentralized autonomous organization, system of rules that define how a decentralized organization should operate and which actions it should take. in support of Ukraine
Source:TheBlockCrypto, Aid for Ukranie
Version by Angel Di Matteo / DiarioBitcoin
Imagen de Unsplash, edited with Canva
