Ukraine government is using crypto aid to purchase critical supplies

2022/02/28 12:01

According to CoinDesk, the Ukrainian government is purchasing critical supplies including petrol, food and military equipment using cryptocurrencies donated as the country stands against a Russian invasion. Kuna founder Michael Chobaniansays vendors are stepping up to accept crypto in exchange for supplies, and crypto is proving to be more efficient than traditional payment methods. “It's really difficult to [send money] using traditional methods. First of all, it takes a lot of time. Secondly, it's a lot of bureaucracy and so on. Here, we are really fast. So we receive money and we spend it almost immediately,” Chobanian said.
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