The use of crypto for donations and purchases is not a new concept. However, the ongoing conflict between Ukraine and Russia has shed light on the advantages of using digital currencies for military aid.
When Russia began its invasion of Ukraine in February 2022, the Ukrainian government turned to social media to ask for donations in bitcoin, ethereum, stablecoin and other types of cryptocurrencies.
The response was overwhelming, with more than 100,000 people contributing to help the Ukrainian military effort.
The use of cryptocurrencies for military aid is not just limited to donations. According to Alex Bornyakov, the Ukrainian deputy digital minister, the country has been using crypto to purchase combat essentials like helmets, bulletproof vests, optical sights and other combat equipment.
According to Bornyakov, around 60% of the military hardware suppliers were able to accept crypto, which proves to be very advantageous on the government’s part as the conflict rages on.
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