Ukraine’s New Fundraising Platform Accepts Crypto, Allows Donors to Distribute Funds – Bitcoin News

United24 is a new fundraising platform recently announced by Ukrainian President Volodymyr Zelenskyy that accepts multiple cryptocurrencies in addition to traditional payment methods. The initiative also allows donors to choose how their money is spent.

Kyiv launches new donation platform amid ongoing war with Russia

Ukraine, which has increasingly relied on foreign donations to support its defense efforts and overcome humanitarian challenges following the Russian invasion, now offers those who want to help a comprehensive platform that simplifies the process and allocates financial support according to the wishes of the donors .

According to its website, United 24 Initiated by President Volodymyr Zelenskyy as the main venue for collecting charitable donations in support of Ukraine. The Ukrainian head of state announced the global initiative last week, and his government noted that its goal is to unite people from all over the world to help the country.

A press release highlighted that United24 aims to increase the number of donations to Eastern European countries, while ensuring the efficiency and transparency of their distribution. Zelensky pointed out that the project brings people together to support Ukraine and provide real help to Ukrainian citizens who are suffering from war:

Everyone can make one-click donations from any country. Individuals, conscious citizens, entrepreneurs and big tech companies.

Donors can use a variety of payment methods. These include traditional methods such as bank wire transfers, credit cards and Paypal.Members of the crypto community can send funds in a certain amount of coins – from bitcoin and BCHarrive USDT and DOGE – through Whitepay, a provider of point-of-sale (POS) solutions for cryptocurrency payments.

Ukraine has received millions of dollars cryptocurrency donationand in March the Ukrainian government roll out A website called “Aid Ukraine” for those who want to send digital currency.This was announced after media reports claimed to “help Ukraine” crypto scam is rising.

Financial aid will be distributed in three main areas: defence and demining, humanitarian and medical aid, and reconstruction of Ukraine. Individuals and organizations wishing to send money will choose one of these options as soon as they click the “Donate” button.

The funds collected will be deposited into an account in the National Bank of Ukraine, which is allocated to the Ministry of Defense, Health and Infrastructure, and will be used to meet the most urgent needs. They will report on the distribution of donations on a weekly basis.

Deputy Prime Minister and Minister of Digital Transformation, Mykhailo Fedorov, was tasked with overseeing the initiative. As part of the Deloitte International network, consulting and auditing firm Deloitte Ukraine will review reports submitted by various ministries on a quarterly basis.

tags in this story

cryptocurrency, cryptocurrency donation, cryptocurrency, cryptocurrency, donate, Donors, fundraising, help, Invasion, platform, Russia, support, Ukraine, Ukraine, war, website

What do you think of Ukraine’s new fundraising plan? Share your thoughts on the topic in the comments section below.

Lubomir Tasev

Lubomir Tassev, a journalist from tech-savvy Eastern Europe, likes Hitchens’ famous quote: “Being a writer is who I am, not what I do.” Beyond crypto, blockchain and fintech, international politics and The economy is two other sources of inspiration.

Image Source: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for reference only. It is not a direct offer or an invitation to buy or sell, nor is it a recommendation or endorsement of any product, service or company. Bitcoin Network Does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned herein.

Source link