Thursday, September 29, 2022
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Ukraine Now Accept Donations in Dogecoin

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Ukraine is now accepting Dogecoin for donations.



The Ministry of Digital Development of Ukraine has added an official Dogecoin wallet to collect donations supporting the Armed Forces of Ukraine, Head of the Department Mikhail Fedorov said.

“@dogecoin exceeded Russian ruble in value. We start to accept donations in meme coins. Now even memes can support our army and save lives from Russian invaders. $DOGE owners of the world, @elonmusk @BillyM2k, let’s do it. Official $DOGE wallet: DS76K9uJJzQjCFvAbpPGtFerp1qkJoeLwL.”

The ministry says that as Dogecoin exceeds the Russian currency Ruble in market value, they now accept doge as Donations.

Earlier, Ukraine expanded its opportunities for fundraising in cryptocurrencies by opening the official Polkadot (DOT) wallet. The founder of the blockchain project, Gavin Wood, transferred 298,367 DOT worth $5.77 million to it.

According to Decrypt, Ukraine has received a total of $20 million in Bitcoin and Ethereum combined since the country began taking donations last week.

Recall that Mikhail Fedorov called on “all major crypto exchanges” to freeze the accounts of users from the Russian Federation and Belarus.

Recently Bitcoin flipped the Russian Ruble in market capitalization amid the ongoing war between Russia and Ukraine.

Coinmarketcap data comparing Bitcoin against large fiat currencies showed that the asset class moved two steps upwards in the latest ranking to usurp the Rubble and Thai Baht.

The market capitalization stated in BTC saw the largest cryptocurrency have a massive 18,990,072 Bitcoin ($779.66 billion) while the Russian Ruble has a market cap of 16,462,964 BTC ($675.90 billion).

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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