Ukraine is now accepting dogecoin donations to support its fight to repel Russia’s invasion of the country – and the country’s deputy prime minister is urging billionaire Elon Musk to join the fundraising effort.
Ukrainian Deputy Prime Minister Mykhailo Fedorov noted that dogecoin is now worth more than the Russian rouble, which has fallen in value in response to crippling international sanctions. In his plea, Fedorov mentioned Musk and dogecoin co-creator Billy Markus by name.
“We are starting to accept donations at the same corner. Now even memes can support our army and save lives from Russian invaders. $DOGE owners of the world, @elonmusk, @BillyM2k, let’s go”, Fedorov tweeted next to a link to the official dogecoin wallet of Ukraine.
Dogecoin was trading at 13 cents per token on Wednesday afternoon, according to data from Coinbase.
By comparison, the ruble was worth less than a US penny as the Russian economy reeled from sanctions, including the disconnection of some Russian banks from the SWIFT international payment system and sanctions imposed on Russian President Vladimir Putin himself. .
Markus quickly responded to Fedorov’s request, revealing that he had donated dogecoin.
“Dogecoin folks aren’t usually wealthy and dogecoin itself is usually used for small transactions, but we are a caring and passionate bunch, those who want to help will offer what they can,” Markus wrote. “I hope the country can heal and build back stronger after all of this.”
Musk, a major dogecoin dealer, has yet to respond to Federov’s tweet on Wednesday afternoon. But the billionaire has taken an active role in efforts to help Ukraine, providing the country with access to SpaceX’s “Starlink” internet system in case its own networks are compromised during the invasion.
In January, Musk’s Tesla company began accepting dogecoin as payment for certain products on its website.
Russia has stepped up its attacks in recent days after making limited progress in its effort to capture the Ukrainian capital of Kiev and other targets.
The Russian military offensive included heavy shelling of civilian population centers, such as Freedom Square in Kharkiv, Ukraine’s second largest city.
Ukraine has previously requested donations of top cryptocurrencies such as Bitcoin and Ethereum to support its resistance efforts. Tuesday, the Official Ukrainian government Twitter account said the country was “grateful for the support and donations from the global crypto community as we protect our freedom.”
New York Post