Crypto News

Crypto Companies Increasing Efforts To Help Ukrainians, and Join In

As Vladimir Putin pushes unrelentingly to overtake Ukraine, numerous segments of the wider society have stepped up to do what they can from their side to help the people of Ukraine, including crypto companies.

Just a couple of days ago, major crypto exchange FTX said it gave out USD 25 to each Ukrainian user. “Do what you gotta do,” the FTX boss Sam Bankman-Fried said in a tweet where he announced the move.

Now, more announcements are coming in.

In the early morning (UTC) of February 26, major crypto exchange has announced that they have made a USD 1m donation to the Red Cross.

In the announcement tweet, CEO Kris Marszalek wrote: “Our thoughts are with the people of Ukraine and innocent bystanders in the ongoing conflict,” further adding:

“We urge our community to do what they can to support humanitarian efforts.”

The CEO shared a link to the International Committee of the Red Cross (ICRC)’s website, where donations can be made. Red Cross accepts several different fiat currencies, credit cards and PayPal, as well as single or monthly donations.

“The [ICRC] – together with its partners in the Red Cross and Red Crescent Movement – remains active in Ukraine, saving and protecting the lives of victims of armed conflict and violence,” says the website.

Meanwhile, Peter Smith, the CEO and co-founder of another popular crypto platform,, said on the same day that all fees on the platform have been waived for trading and swapping crypto for Ukrainian users, effective immediately.

As reported, crypto has been proving itself to be a useful method to raise money for organizations in Ukraine, as banks implement new restrictive measures and at least one fiat-based fundraising service has suspended donations to a Ukrainian non-profit.

And though not every organization/entity accepts donations in crypto, has made a list of those that do, along with fiat donation options. The list is expected to grow.

Source link

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button