Ukraine’s cryptocurrency community has responded to calls to accept other cryptocurrencies. Ukraine’s official Twitter account has revealed that it will now accept donations from Polkadot (DOT), with other cryptocurrencies to be added soon.
Polkadot co-founder Gavin Wood previously shared that if the governor of Ukraine adds DOT, he will personally contribute $5 million. He fulfilled his promise by donating 298,367 2269896686 to the Ministry of Transport, approximately $5.7 million to the governors of Ukraine.
Cointelegraph estimates that total crypto donations to Ukrainian charities, the military, and the government have totaled over $37 million. Wood’s single donation accounts for more than 10% of all cryptocurrency donations.
Wood’s donation is actually one of the largest one-time cryptocurrency donations to date. The Sam Bankman-Fried Stock Exchange, FTX, donated $25 to each Ukrainian on the exchange, while Chain.com CEO Deepak Tapliyal donated 100 Ether (ETH), or more than $280,000.
According to Polkadot blockchain data, in addition to Wood, the Polkadot ecosystem has already deposited more than $210,000 into Ukraine’s official DOT wallet since this morning.
For cryptocurrencies that Ukraine has not accepted, Coingate, a Lithuanian financial technology company, offers an alternative solution. As a cryptocurrency payment gateway, Coingate allows other cryptocurrency holders to donate to Ukraine.
Donation portal for cryptocurrency. Source: Coingate
Coingate manages crypto payments for a list of over 70 cryptocurrencies and eventually adds euros to a Ukrainian bank account. Coingate told Cointelegraph: “Over the past five days, we have raised €7,000 from various crypto communities.”
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So far, the crypto community has been quick to help the situation in Ukraine with donations and words of encouragement. Twitter monitors noted that the innovative crypto activity in Ukraine was an attempt to “create history.”