While Vladimir Putin is determined to take Ukraine, many segments of society are stepping up to help the citizens of Ukraine, which includes crypto companies.
A few days ago, the major crypto exchange announced that it had given USD 25 to each Ukrainian user. Sam Bankman-Fried, FTX boss, said that you should do what you gotta. He made the announcement in a Tweet.
More announcements are now coming in.
The major crypto exchange Crypto.com has declared that they had made a USD 1m contribution to the Red Cross.
Kris Marszalek, CEO of the company, tweeted: “Our thoughts and prayers are with the peoples of Ukraine and innocent bystanders during the ongoing conflict.”
“We encourage our community to support humanitarian efforts.”
The CEO shared a link with the International Committee of the Red Cross’s website. Donations can also be made. Red Cross accepts multiple fiat currencies, credit cards, and single or monthly donations.
The website states that the [ICRC] – along with its partners in Red Cross and Red Crescent Movement – remains active in Ukraine, saving the lives of victims in armed conflict and violence.”
During this time, Peter Smith, CEO and co-founder Blockchain.com, stated that all fees for trading and exchanging crypto for Ukrainian users have been waived.
reported that crypto is proving to be a useful way to raise funds for Ukrainian organizations, as banks have implemented new restrictions and at least one fiat-based crowdfunding service has stopped donations to a Ukrainian nonprofit.
Although not all organizations/entities accept donations in crypto, Cryptonews.com created a list that includes fiat and non-crypto options. This list will continue to grow.