Ukraine calls for more cryptocurrency donations with rap video

Rap video calls for donation of cryptocurrency for Ukraine, completely official video in which the Deputy Prime Minister appears.

A new rap video asks the crypto community to keep coming to the aid of Ukraine as war still rages in the country. “Invest in Peace Bro” features a dove stating that it’s nice to support righteous causes. It is difficult to object to this argument.

Rap video calls for donations in cryptocurrency for Ukraine

While the lyrics explain that Ukraine is obviously grateful for all the help it has received so far, the message is simple: “We need more.”At the end of the song, Deputy Prime Minister Mikhail Fedorov even appears. A shortened version of “Invest in Peace Bro”was performed during the World Economic Forum in Davos. We can easily imagine a situation, to put it mildly, unusual, with all these men in suits in front of such a video.

One of the biggest problems that Ukraine is facing is that the value of bitcoin has plummeted in recent months. By March 19, $60 million had been raised, according to Reuters, worth “only”$51.5 million a few months later. Fortunately, most of this money was spent before the disaster. While many organizations that accept cryptocurrencies automatically convert it to fiat currency, Ukraine overwhelmingly stores these contributions in bitcoin.

Official video in which the Deputy Prime Minister appears

In any case, it’s a pity that this wave of low bitcoin coincides with a dire need for Ukraine. Last month, Finland announced plans to donate 1,890 BTC confiscated from drug trafficking. It was worth $75 million at the time, but today the value has dropped significantly, dropping to “only”$56 million. Other fundraising initiatives for Ukraine have also been undertaken. For example, the NFT collection “Museum of War”. Digital art is being used to establish a timeline of facts on the ground. According to Reuters, an independent beer brand in Ukraine is selling NFTs for 0.1 ETH (about $200), which can be exchanged for a commemorative bottle after the war ends.

The newspaper specifies that, according to Kyiv’s estimates, in the next three months alone, it will need $15 billion to restore the country’s economy.