Dogecoin Added to Ukraine’s List of Accepted Crypto Donations

The Ukrainian government has opened itself to accepting donations in DOGE as the meme coin “exceeded Russian ruble in value,” announced Ukraine’s Deputy Prime Minister and Minister of Digital Transformation Mikhail Fedorov. The price of the ruble has been lower than DOGE since January 2021, but it has significantly slumped even further following the sanctions implemented by the U.S. and the European Union.

“@dogecoin exceeded Russian ruble in value. We start to accept donations in meme coin. Now even meme 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,” tweeted Fedorov on Wednesday. At the time of writing, the price of DOGE is currently at $0.13, according to CoinGecko.

Since Fedorov’s tweet went live, blockchain records suggest that the wallet address provided has received over 397,848 DOGE (approximately $53,000) sourced from 607 different transactions. “Dogecoin folks aren’t usually rich and Dogecoin, itself, is generally used for small transactions, but we are a caring and passionate bunch,” affirmed the meme coin creator Billy Markus, who has also donated to Ukraine. “Those who want to help will offer what they can.”

Crypto users who have sent funds to the country are expected to be the recipients of an airdrop on Thursday, according to Ukraine’s official Twitter account. Although, the contents of the airdrop are still unknown. “Airdrop confirmed. Snapshot will be taken tomorrow, on March 3rd, at 6 pm Kyiv time (UTC/GMT +2 hours). Reward to follow! Follow subsequent news re Ukraine’s crypto donation campaign at @FedorovMykhailo,” tweeted the official account of Ukraine.

Since Russia’s invasion on Thursday, February 24, both Fedorov and the country’s official Twitter account have solicited crypto donations for Bitcoin (BTC), Ether (ETH), Polkadot (DOT), and Tether (USDT). Other organizations — including non-government organization Come Back Alive, UkraineDAO, and activist-led Unchain Fund — have likewise rallied behind Ukraine urging users to donate crypto funds for the country. Subsequently, Ukraine has received crypto donations amounting to around $79.5 million based on blockchain records.

Source: CoinTelegraph