- They want to show how digital money saves in a crisis
- And these are real cases in a war
Crypto exchange Coinbase shows with real examples how cryptocurrency helps to solve real problems. To do this, they went on a trip … to Ukraine. And as a result, they filmed a documentary “System Update: Humanitarian Aid in Ukraine”.
Project lead Yusuf Omar spoke with Rev Miller and CJ Hetherington, co-founders of the UnChain Fund.
Reference. Unchain.Fund is the largest Ukrainian charitable foundation operating on blockchain technologies. It opened on the first day of the war, February 24, and has since donated millions of dollars and helped over 400,000 Ukrainians. The fund is sponsored by many international organizations and private investors. So, Vitalik Buterin became one of the patrons of Unchain.Fund. The organizers also arrange charity auctions to raise funds – for example, they sold NFT-collection “Woman Yelling at a Cat”.
In the Coinbase film, members of the fund spoke about their experiences in Ukraine. Banks were closed at the beginning of the war, and cash quickly disappeared from ATMs. People couldn’t cash out to buy essentials or travel to safety. This is where blockchain technology comes in handy. Crypto wallets have become the fastest and cheapest way to send humanitarian aid to them.
“When it comes to humanitarian aid, cutting out middlemen can be life-changing”— concludes Coinbase.
