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Ukraine starts using Dogecoin (DOGE) to receive donations

The war in Eastern Europe between Russia and Ukraine has become the stage of digital platforms in recent weeks after the Russian president ordered the invasion of Ukraine. In view of this, the Ukrainian population has been suffering from the impacts of the war declared by Putin on issues of energy, financial and natural resources. Evidently, with the Russian attack, the country suffered a screaming economic blow.

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In an attempt to deal with these attacks and restore itself economically, the Ukrainian government announced the opening of a wallet to receive donations in Dogecoin (DOGE), a cryptocurrency. This news was announced by Deputy Prime Minister and Minister of Digital Transformation, Mykhailo Fedorov on his Twitter account. According to Mykhailo, the DOGE is worth more than the Russian ruble and will now be used by Ukraine.

Still on his Twitter, the Minister mentioned Tesla CEO Elon Musk, saying: “Dogecoin has surpassed the Russian ruble in value. We started accepting memecoin donations. Now even a meme can support our army and save lives from Russian invaders. DOGE owners of the world, Elon Musk, Shibetoshi Nakamoto, let's support. Official DOGE card: DS76K9uJJzQjCFvAbpPGtFerp1qkJoeLwL”. Until this moment, the Ukrainian DOGE portfolio received around BRL 42,640.

Another interesting factor is that the creator of DOGE, Shibetoshi Nakamoto, responded to the minister's tweet saying that he had sent a cryptocurrency unit to Ukraine. Shibetoshi emphasized that “Dogecoin people are generally not rich and Dogecoin itself is usually used for small transactions. But we are a caring and passionate group, those who want to help will offer what they can. I hope the country can heal and rebuild stronger after all this.”

Donations in Dogecoin

Therefore, even with the name of the cryptocurrency on the rise due to today's relationship with Ukraine, the value of DOGE did not rise, worth US$0.133, having retreated 0.58% in the last 24 hours. The country has also received donations from other digital currencies, totaling an amount of $35 million in cryptocurrencies. There were 48,000 donations since Russia's invasion of the country. In addition to cryptocurrencies, Ukraine also received NFTs, a type of digital investment.

Finally, as a way of saying thank you for the donations, the Ukrainian government said on March 2 that it will promote an airdrop for donors. To date, official government addresses have received US$30.25 million and the surplus has been for NGOs like Come Back Alive and organizations supporting Ukraine's military in this war fateful.

Geographer and pseudo writer (or otherwise), I'm 23 years old, from Rio Grande do Sul, lover of the seventh art and everything that involves communication.

Denyse Lage Fonseca, Author in Access
Denyse Lage Fonseca, Author in Access
on Jul 22, 2021
Camila Pereira de Farias, Author in Access
Camila Pereira de Farias, Author in Access
on Jul 22, 2021
Denyse Lage Fonseca, Author in Access
Denyse Lage Fonseca, Author in Access
on Jul 22, 2021
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