Global Fintech Unites Against the War

Just a few months ago, a major war happening in Europe was unthinkable.

As the Russian army fired its first shots at the Ukrainian cities, the global community held its breath, awaiting what would happen next.

The U.S. intelligence and European diplomats were highly skeptical about the defensive capabilities of Ukraine, giving it between several hours and days before falling to the invading forces.

Luckily, these forecasts were completely inaccurate. The Ukrainian army took a defensive stance, as its President, Parliament, and local authorities refused to leave their cities. Moreover, the Ukrainian people stood in unity, doing everything in their power to defend against the invaders and stand their ground.

The strength of the Ukrainian people and their leaders, headed by President Zelenskyy, inspired the world and pulled them out of the state of shock in the first days of the war.

An absolute majority of the countries condemned Russian aggression, imposed sanctions on the aggressor, and unified in their support of Ukraine. The entire industries, sectors, and communities pulled their resources to offer assistance and funding to the Ukrainian Armed Forces and Ukrainian people.

The global Fintech sector also offered aid in combat against the new global evil. This help came in various forms, including direct assistance in setting up the support channels, raising help, setting up relief funds, etc. Let’s review some of the examples.

Kyrrex was amongst the first ones to step forward in its efforts to provide aid. The first global digital bank has provided over $100,000 in direct donations for humanitarian aid and direct support of the Ukrainian Armed Forces. The company has established the Kyrrex Charitable Foundation to fund purchases of clothes, food, housing repair, and military uniforms for the Armed Forces. The company is planning to run the foundation during the war in Ukraine and after its end to support the rebuilding of infrastructure.

Everstake, the Web3 company based in Ukraine, and the public blockchain platform Solana joined forces with the Ukrainian Ministry of Digital Transformation for launching Aid for Ukraine.

Paypal enabled transfers from abroad to Ukraine, transfers within the country, and international payments. At the same time, the Decentralized Autonomous Organization (DAO) raised $1.4 million in $SOL to prevent food supply, clothing, medicine, and military closing shortages.

The Central Bank of Ukraine received all of the donations from DAO directly to its specially created account. Token, Yapily, Volt, Zopa Bank, and Banq made donations, started raising funds, and organized shelter, financial aid, and travel support for the Ukrainian refugees.

Global Fintech said it loud and clear that Ukraine and its people will not stand alone in their fight against Russian international terrorism. Furthermore, digital banks and companies acted swiftly by providing support and joining forces against a common enemy threatening freedom, safety, and democracy.

The new technology and software turned into effective tools of support and relief for millions of Ukrainians. It is now clear that the world will not stand aside until truth and kindness win over violence and terror. The global Fintech has chosen its side and united to stand strong against the war, as victory is possible only through unification.