According to GlobalData, crypto has become a prominent feature and can potentially emerge as an alternative payment mechanism amid ongoing Russia-Ukraine war.
After Ukraine’s appeal for cryptocurrency donations, more than $50 million worth of cryptocurrency poured in.
In addition, Ukraine plans to mint NFTs to fund its military. Meanwhile, cryptocurrency trading in Russia has soared as rouble keeps going down. The sanctions are aimed at constraining Russia’s economy and severing it from the global financial system.