The Ukrainian government has started accepting cryptocurrency donations, including Bitcoin (BTC-USD), Ethereum (ETH-USD), Polkadot (DOT-USD), and now Dogecoin (DOGE-USD). This is a major event, especially for DOGE-USD.
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-120x86.jpg)
Source: Shutterstock
The donations have already raised $20 million, as of March 2, according to Decrypt online magazine. With the recent addition of Dogecoin that could rise significantly.
Presumably, this means that the money can be used directly for purchases of items that the Ukrainian government needs. It is also highly possible that the government could use these cryptocurrencies to directly purchase goods and supplies that they desperately need.
This also implies that Dogecoin is now widely seen as a major cryptocurrency, useful for a wide variety of transactions, including international donations. It puts Dogecoin in a dignified group of cryptos that others now see as useful in crisis transactions and situations.
How It Started
On March 2, the Vice Prime Minister of Ukraine, Mykhailo Fedorov, posted a tweet promoting Dogecoin donations.
In the tweet Fedorov said: “Now even meme can support our army and save lives from Russian invaders. $DOGE owners of the world, @elonmusk, @BillyM2k, let’s do it.”
He also included the official Ukrainian Dogecoin wallet address for Dogecoin donations: DS76K9uJJzQjCFvAbpPGtFerp1qkJoeLwL.
CryptoPotato magazine wrote on March 2 that $35 million has been received by the government from digital currency donations. It also wrote that the Ukrainian government was now also accepting Solana (SOL-USD) donations.
The article also said that Polkadot’s founder, Grant Wood, had directly sent $5 million in Polkadot donations to the Ukrainian government. CryptoPotato wrote: “‘This will certainly contribute to the Ukrainian victory as well as support civil people,’ Fedorov said in response to the donation.”
If this takes off and begins to snowball it could begin to show a brand new use case for…
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-350x250.jpg)
