The Ukrainian government has spent $15 million in donated cryptocurrency on military supplies, including bulletproof vests. crypto bitcoin $BTC
Bornyakov similarly said that the Ukrainian government expects to double its $50 million in cryptocurrency donations in the next two to three days, Bloomberg conveyed.
He revealed that two days after Russia began its invasion of Ukraine, his ministry found suppliers in the U.S. and Europe for the army, including vests, food packages, bandages, and night vision devices. In addition, the deputy minister of digital transformation noted that about 40% of the suppliers are willing to accept cryptocurrency payments. The rest are paid with crypto converted into euros and dollars.
The ministry is also working with two companies to launch a non-fungible token collection to raise additional funds, the publication further detailed.No one was ready to do military NFTs, the war just started eight days ago, they are still trying to figure out how to do this in terms of design. Regarding donated NFTs, he confirmed that someone donated a Cryptopunk. However, he added: “But it’s so hard to sell. We haven’t used it at this point … We are going to keep it for now. … There’s no time to figure out how to convert them. Maybe once things settle down, we’ll figure this out.”
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