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How cryptocurrency is being used to funnel money to Ukraine

Often maligned as a tool for illicit activities, Bitcoin, Ethereum and other cryptocurrencies have become something of a lifeline to Ukrainians as donors have been using the digital tokens to fund various war-related causes.

More than 120,000 cryptoasset donations totaling more than $63.8 million have been funneled to Ukraine since the start of the Russian invasion, according to according to Elliptic, a blockchain analysis company.

“That’s going to top $100 million, soon. It’s a serious amount of money. As of the other week, it’s more than what the UN had given,” said Alex Gladstein, chief strategy officer at The Human Rights Foundation.

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Source:: Computerworld