Ukrainian officials have used funds from the cryptocurrency platform launched by the government to buy supplies for the country's military amid its ongoing war with Russia.
In a tweet on Friday, Ukrainian Minister of Digital Transformation Mykhailo Fedorov announced that the country had purchased five off-road vehicles, which "will be useful for a challenging environment" - possibly referring to conditions near the front lines with Russia or where roads have been damaged or destroyed. The funds for three of the off-road vehicles came from Aid for Ukraine, a platform the government launched in March that accepts cryptocurrency donations "to support people in their fight for freedom."
Three ATVs for defenders are funded for crypto donations @_AidForUkraine, two more — supplied by the Minister of Defense @oleksiireznikov. These all-terrain vehicles will come in handy for a challenging environment. Better performance of the Army — our joint goal and big hope. pic.twitter.com/FxL1VyUNBd
— Mykhailo Fedorov (@FedorovMykhailo) May 13, 2022
At the time of publication, Aid for Ukraine would have raised more than $60 million in Bitcoin (BTC), Ether (ETH), Tether (USDT), Polkadot's DOT, Solana's SOL and USD Coin (USDC). Fedorov reported on Wednesday that the government had already used part of the funds to supply 5,000 gas masks to state border guards and the military. Aid for Ukraine has also purchased more than 5,000 "optical and thermal imaging devices" for the country's military since the war began; tablets intended to help Ukrainians fleeing the country find shelter and aid; bulletproof vests; medical supplies; vehicles and clothing.
Since the beginning of the Russian military invasion in February, the Ukrainian government has turned to the cryptocurrency space many times as a solution to receive funds from interested parties. Fedorov announced in April that the government would accept contributions toward the war effort in the form of non-fungible tokens, or NFTs, which in turn would be sold to "contribute to the Ukrainian victory," and recently launched a charitable collection of NFTs with pieces from Ukrainian video game developers and digital artists.
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