Ukraine taking support of Bitcoin crowdfunding against Russia 

The organizations and NGOs of Ukraine are collecting funds in Bitcoin to push the strength of the country’ Military power against Russia. 

In recent months we saw some heated news regarding the fighting between Ukraine and Russia. In the ongoing fight between these two countries, allegedly Russia stole/detained two ships or Ukraine and under such unfair operations 6 Crue members got injured. Now Ukraine, France are getting better support to fight against Russia. However, here we are not in favour of any war or any country in terms of the fight, at least in this matter, but here war chances between these two countries are going Crypto. 

According to a report by Decrypt, many organizations and agencies in Ukraine are raising funds to donate to the government of Ukraine to strengthen the country against Russia. 

Reportedly many non-government NGOs and organizations took the help of Cryptocurrencies based options to receive donations from the public. 

Decrypt noted that Elliptic ( a blockchain analytic security firm) found that a hike in crypto donations can be seen. Here all these donations are part of only to strengthen the Military Power of Ukraine, instead to fight against poverty or spread social justice.

According to a report from Elliptic, donations that came in Bitcoin by the citizens are very high this year over the last many years. That can be seen through the attached image in the Twitter post by Elliptic. 

Elliptic also noted that citizens believe that crypto-based payment options are a better tool to fight against the corrupted politicians to support the Military to fund its weapons and medical supplies. 

Over the last year, these organizations and NGOs secured around $570,000.

“Elliptic has identified several cryptocurrency wallets used by these volunteer groups and NGOs, which have collectively received funds totaling just over $570,000 – much of it over the past year,” states the report

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