Bitcoin Wallet Set Up for Ukraine Amidst Uprising Chaos

Bitcoin Wallet Set Up for Ukraine Amidst Uprising Chaos
  • Outpouring donations from people across the globe were transmitted thru Bitcoin Wallet.
  • Various campaigns and propaganda were posted online.
  • Up to $400,000 donations were received

Amidst the uprising chaos in Ukraine today, Bitcoin wallets were set up by several non-government organizations as fund support to back up the military defense needs.

According to Elliptic, blockchain analytics for crypto businesses, up to $400,000 was received via Bitcoin wallet for the past 24 hours.

 Michael Chobanian, founder of the Ukrainian crypto exchange Kuna stated:

We don’t trust the government. We don’t trust the banking system. We don’t trust the local currency. The majority of people have nothing else to choose apart from crypto.

Call for donations for the Ukraine military force proliferated in various social media platforms such as Twitter, one of which caught people’s attention is from the page “Ukraine” stating the banner: “Donate for Ukraine Army here. #HelpTogether.”

As an analysis of the recent widespread movement of the cryptocurrency wallet, Elliptic highlighted that digital assets have emerged as an alternative funding method giving way to international donors to transact payments and fund transfers.However, there is an announcement posted on the website UkraineNow stating that whoever wishes to donate funds to the military units, must directly contact the Commanders.

In other news, El Salvador continues to set the bar and dazzle the world with its latest good deed powered by Bitcoin. In detail, the nation announces the inauguration of a pet hospital fully funded by Bitcoin gains. 

Specifically, the inauguration of the pet hospital took place last night as an event. Here, President Bukele confirms that this was only possible thanks to surplus government funds from Bitcoin’s rise in value.
At the time of writing, Bitcoin continues to struggle below $40k. However, its market capitalization remain to be the biggest in the space, amounting to over $700 billion.

In other news, El Salvador continues to set the bar and dazzle the world with its latest good deed powered by Bitcoin.

In detail, the nation announces the inauguration of a pet hospital fully funded by Bitcoin gains.
Specifically, the inauguration of the pet hospital took place last night as an event. Here, President Bukele confirms that this was only possible thanks to surplus government funds from Bitcoin’s rise in value.

At the time of writing, Bitcoin continues to struggle below $40k. However, its market capitalization remains the biggest in the space, amounting to over $700 billion.

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