With its secure and unalterable records, Web3 technology is proving important amid Russia's invasion of Ukraine. Learn more:
Not only is Web3 enabling charitable giving, but it is also providing unalterable documentation and records.Contrary to the popular narrative, cryptocurrency can do more good than harm amid Russia’s invasion of Ukraine.
Cryptocurrency, especially in the form of charitable giving, is just one part of the value Web3 can provide to Ukraine. Ultimately, Web3, which uses a stack of technologies to enable peer-to-peer interactions without centralized platforms and intermediaries, offers a ray of hope for a better, safer world where innovation thrives.
is not merely some dark, surreptitious money laundering tool for Russian war criminals. Instead, it has proven to be an invaluable humanitarian tool., according to Alex Bornyakov, Ukraine’s deputy minister of digital transformation, who notes President Zelensky’s support for crypto is a potential “economic breakthrough” for the country.
“Never before in history have we had an asset like [cryptocurrency],” Alex Gladstein, chief strategy officer at The Human Rights Foundation, told. “It’s like gold. You can have your savings in something where you just have to memorize or write down on paper the private key, and that’s really powerful. I’ve interviewed lots of people from Argentina and Afghanistan who’ve left their country with their value because of the power of Bitcoin. It’s a tremendous humanitarian tool.
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