About 60% of Ukrainian Military Hardware Suppliers Accept Cryptocurrency Payments

Alex Bornyakov, Deputy Minister of Digital Transformation of Ukraine, reportedly stated that the country has been using cryptocurrencies to purchase combat equipment such as helmets, bulletproof vests, and optical sights. According to Bornyakov, about 60% of military hardware suppliers are able to accept cryptocurrencies, which is very beneficial for the Ukrainian government as the Russia-Ukraine conflict intensifies. Bornyakov revealed that Ukraine has received approximately $100 million in cryptocurrency donations, of which more than $60 million has been deposited into the main fund managed by Ukrainian cryptocurrency exchange Kuna.