( February 26, 2022; MIT Technology Review )
Description: "But it’s an approach that’s fraught with complications, given platforms’ whims and proliferating scams."
Desperate to raise cash, and quickly, Ukrainians are resorting to crowdfunding for military equipment. GoFundMe is full of pages that purport to be raising money for Ukrainians in need, and the website of the Ukrainian foundation Come Back Alive, a nonprofit charity benefiting the country’s military, has raised a staggering $4 million in cryptocurrencies as of Friday, with a single anonymous donation clocking in at $3 million.
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As with all things financial, the article also notes that there is no shortage of scam fundraising sites. So, potential donors are stuck with the dueling risks of having funds frozen by legacy crowdfunding sites or losing cryptocurrency to alleged bitcoin scammers.
Read the rest from MIT Technology Review: Ukraine is turning to online crypto crowdfunding to fund its fight against Russia
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In such cases, the importance of cryptocurrencies is revealed once again.
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I have heard about it , the sad thing about all this is that this money should have another use , needy people , for example , families that need shelter etc , but in this war young people kill each other and old people like the president of RUSSIA keep on living, absurd and totally unfair in my opinion
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It's interesting to see that @justinsunsteemit is promoting humanitarian uses for crypto in both Ukraine and Russia.
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