Therefore, CoinGate has opened a payment page that allows crypto users to donate more than 70 cryptocurrencies directly to the NBU bank account, according to the statement shared with Finbold. The donated crypto is collected by CoinGate and converted to EUR, while the funds are approved, monitored, and transparently sent to NBU by International Banking Settlement, an Electronic Money Institution based in Lithuania.
Crypto donations to Ukraine are now more accessible
Until now, Ukraine’s official Twitter account stated that it accepts only BTC, ETH, and USDT cryptocurrency donations. This expansion of cryptocurrencies makes various cryptocurrency donations to Ukraine even more accessible and much more flexible for crypto users to support Ukraine. CoinGate’s Head of Product Sarunas Matulevicius expressed: The company has confirmed that no payment processing fees will be taken from the donation, as 100% of the funds will be transferred to the National Bank of Ukraine. CoinGate is a Lithuanian-based fintech company founded in 2014.
