Ukrainian officials have used funds from the government-launched crypto donation platform to purchase supplies for the country’s military in its ongoing war with Russia.
In a tweet on Friday, Ukrainian Digital Transformation Minister Mykhailo Fedorov announced that the country has bought five all-terrain vehicles, which “will be useful in a difficult environment” – possibly referring to conditions near the front lines with Russia or where roads have been damaged or destroyed. Funds for three of the MTBs came from Aid for Ukraine, a platform launched by the government in March that accepts crypto donations “to support people in their fight for freedom.”
Three ATVs for Advocates Are Funded for Crypto Donations @_AidForUkrainetwo others — provided by the Minister of Defense @oleksiireznikov. These all-terrain vehicles will be useful in a harsh environment. Better army performance – our common goal and our great hope. pic.twitter.com/FxL1VyUNBd
— Mykhailo Fedorov (@FedorovMykhailo) May 13, 2022
At press time, Aid for Ukraine has reportedly raised over $60 million in Bitcoin (BTC), Ether (ETH), Tether (USDT), Polkadot’s DOT, Solana’s SOL, and USD Coin (USDC). Fedorov reported Wednesday that the government had already used part of the funds to supply 5,000 gas masks to state border guards and the military. Aid to Ukraine has also bought more than 5,000 “optical and thermal imaging devices” for the national army since the start of the war; tablets aiming helping Ukrainians fleeing the country find housing and assistance; bulletproof vests; medical supplies; vehicles; and clothes
The better our soldiers see the occupiers, the better we see our victory coming. pic.twitter.com/KSFT0lUrNh
— Aid for Ukraine (@_AidForUkraine) May 4, 2022
Related: Ukraine Invasion Shows Why We Need Crypto Regulation
Since the beginning of the Russian military invasion in February, the Ukrainian government has repeatedly turned to the crypto space as a solution to receive funds from the parties concerned. Fedorov announced in April that the government would accept contributions to the war effort in the form of non-fungible tokens, or NFTs, which will in turn be sold to “contribute to Ukrainian victory,” and he recently spear an NFT charity collection with pieces from Ukrainian video game developers and digital artists.