Ukraine spent $100 million in crypto donations on these war supplies

The Deputy Minister of Digital Transformation of Ukraine has announced it has spent $100 million in cryptocurrency donations.

@JakConnorTT
Published Mon, Mar 14 2022 12:03 AM CDT   |   Updated Fri, Apr 8 2022 4:44 AM CDT

Millions of dollars in the cryptocurrency have been donated to Ukraine, and now the Deputy Minister of Digital Transformation of Ukraine has announced what it has spent the funds on.

The news comes from Alex Bornyakov, the Deputy Minister of Digital Transformation of Ukraine, who took to Twitter to announce that Ukraine has spent $100 million in cryptocurrency donations, with the majority of the money being spent on bulletproof jackets, packed lunches and various military equipment. Bornyakov wrote that cryptocurrency donations are funding the armed forces of Ukraine and went on to thank everyone that has donated.

According to reports, the cryptocurrency donations were used to purchase the following military equipment: 5,500 bulletproof jackets, 410,000 packed lunches, 500 ballistic plates for bulletproof vests, 3,125 thermal imagers and optics, 500 helmets, 3,427 medicines, and 60 walkie-talkies.

Bornyakov noted that all of the military equipment purchased is non-lethal and confirmed to CoinDesk that Ukraine's weapon suppliers accept payment in cryptocurrency. However, Bornyakov couldn't reveal what weapons were purchased with cryptocurrency for national security reasons.

Ukraine spent $100 million in crypto donations on these war supplies 01 | TweakTown.com
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NEWS SOURCE:coindesk.com

Jak joined the TweakTown team in 2017 and has since reviewed 100s of new tech products and kept us informed daily on the latest science and space news. Jak's love for science, space, and technology, and, more specifically, PC gaming, began at 10 years old. It was the day his dad showed him how to play Age of Empires on an old Compaq PC. Ever since that day, Jak fell in love with games and the progression of the technology industry in all its forms. Instead of typical FPS, Jak holds a very special spot in his heart for RTS games.

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