The Ukrainian crypto donation platform Aid for Ukraine has utilized cryptocurrency and nonfungible token donations to fund its military with the purchase of All-Terrain Vehicles (ATVs ) and gas masks.
During the ongoing battle with Russia, Ukrainian officials have used monies from the government’s crypto donation platform to purchase supplies for the country’s military.
Ukraine’s digital transformation minister, Mykhailo Fedorov, revealed on Friday that the country has purchased five all-terrain vehicles that “will come in handy for a challenging environment” — likely referring to situations near the Russian border or where roads have been damaged or destroyed.
Aid for Ukraine, a government-run platform that accepts crypto donations “to support people in their battle for freedom,” provided funds for three of the ATVs.
Aid for Ukraine announced it has gathered more than $60 million in Bitcoin (BTC), Ether (ETH), Tether (USDT), Polkadot (DOT), Solana (SOL), and USD Coin at the time of writing (USDC).
According to Fedorov, the administration has already used some of the cash to provide 5,000 gas masks to state border guards and the army.
Since the crisis began, Aid for Ukraine has acquired around 5,000 “optical and thermal imaging gadgets” for the country’s military, as well as tablets to enable Ukrainians fleeing the country to find lodging and aid, bulletproof jackets, and medical supplies, vehicles, and clothing.
Since the commencement of the Russian military incursion in February, the Ukrainian government has used cryptocurrency as a means of accepting payments from concerned parties several times.
Fedorov announced in April that the government would accept nonfungible tokens, or NFTs, as contributions to the war effort, which would then be sold to “contribute to the Ukrainian victory,” and he recently launched a charity NFT collection featuring works by Ukrainian video game developers and digital artists.