How Crypto and Volunteering Help Ukraine
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.____
In the light of recent events in Ukraine, cryptocurrency and in general decentralized finances have stood out showing undeniable usefulness. The ease by which one can transfer funds from one part of the world to the other without an intermediary - has helped tremendously in supporting and uniting people across the world in aiding Ukrainians in need.
It's exactly the unity that distinguishes decentralized finances from its counterpart. All in all thanks to its innately collaborative nature and peer-to-peer quality. In a sense, one can say that DeFi space has managed to create a precedent - and one to follow at that.
We have seen incredible support from outside the Ukraine that goes far and beyond anything we have seen. However, we tend to overlook how things are within the country and what support the crypto hub like Ukraine managed to garner inside.
From the very beginning of the first Russia-Ukraine conflict, a plethora of volunteer centers have sprawled out, aimed to assist the people in the toughest of times. To this day, with even more vigor and strength, volunteers play a decisive role outside the actual battlefield. This includes a wide array of supplies: humanitarian as well as defense equipment. Volunteers have managed to set up incredible logistics and now are one of the most crucial cogs in the success of Ukraine.
One of such volunteer centers is Phoenix. Phoenix is one of the largest volunteer centers currently operating in Ukraine. Their operational workflow hinges largely on Blockchain technology, not merely as a form of payment but even more so as a comprehensive
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