Ukraine buys military gear with donated cryptocurrencies

Ukraine buys military gear with donated cryptocurrencies



Ukraine anticipates doubling the $50 mn of crypto donations it received so far in the next two or three days

Ukraine has already spent $15 million of the donations on military supplies, a senior minister said

Most of the donations have been in Bitcoin and Ether

The 250-person ministry has managed to find suppliers in Europe and the U.S.

The supplies include everything from the vests to food packages, bandages, and night-vision devices for the army

About 40% of the suppliers are willing to take crypto

The rest are typically paid with crypto converted into euros and dollars

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