Ukraine's Government Is Accepting Dogecoin Donations
Vice Prime Minister Mykhailo Fedorov has solicited help from Elon Musk and Billy Markus.
Key Takeaways
- Mykhailo Fedorov, Ukraine's Vice Prime Minister, tweeted today that the country would begin accepting Dogecoin donations.
- In just hours, Ukraine has received donations totaling 430,000 DOGE, an amount equivalent to $57,600.
- The country previously began to accept crypto donations in the form of Bitcoin, Ethereum, and USDT.
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The Ukrainian government is now accepting Dogecoin donations alongside other forms of cryptocurrency.
Fedorov Tags Elon Musk, Billy Markus
Mykhailo Fedorov, Ukraine’s Vice Prime Minister and Minister of Digital Transformation tweeted the news on Wednesday.
“Dogecoin exceeded Russian ruble in value. We start to accept donations in meme coin. Now even meme [coins] can support our army and save lives from Russian invaders,” he wrote on Twitter.
Fedorov solicited Dogecoin creator Billy Markus to participate in fundraising. Markus acknowledged the tweet by expressing his surprise at the decision, and by saying that Ukraine requesting Dogecoin “was not on [his] 2022 bingo card.”
Fedorov also tagged Tesla founder and Dogecoin proponent Elon Musk in his tweet. However, Musk has not yet responded.
The address posted by Fedorov has now received more than 430,000 DOGE, an amount worth $57,600.
Fedorov’s tweet makes reference to the fact that the Russian ruble has fallen by roughly 30% over the past several days.
Ukraine Is Also Accepting Other Cryptos
Ukraine has been accepting crypto donations as Bitcoin, Ethereum, and USDT since Feb. 26. The latest estimates put the total amount raised through cryptocurrency at $35 million.
The country’s involvement in crypto has grown since then. On Tuesday, Ukraine asked for Polkadot donations, and Polkadot founder Gavin Wood donated $5 million of DOT to the country. The country also has endorsed an fundraising effort involving Solana.
Ukraine additionally announced that it plans to airdrop a reward to those who have donated cryptocurrency.
Disclaimer: At the time of writing this author held less than $100 of Bitcoin, Ethereum, and altcoins.DO
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