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Crypto payment processor Coingate and International Business Settlement (IBS) have started an arrangement with the National Bank of e (NBU) that enables well-wishers to send donations to e via more than 70 different crypto assets.

Calls for Widening List of Accepted Crypto Donations

Lithuania-based crypto payment processor Coingate recently said it has begun an arrangement with the ian central bank that has seen the number of crypto assets well-wishers can donate to the country’s armed forces rise from just four to more than 70.

This widening of the list of accepted crypto assets comes just a few days after the ian government acceded to Polkadot creator Gavin Wood’s pleas to have DOT added to the list of cryptos accepted for donations. As reported by Bitcoin.com News, shortly after the ian government said it would accept polkadot donations, Wood immediately honored his pledge and donated DOT coins worth over $5 million.

Consequently, the ian government’s decision to accept DOT and three other cryptocurrencies prompted more players in the crypto space, including Tron founder Justin Sun, to similarly plead with the ian government.

Real-Time Conversion From Crypto to Fiat

In his remarks following the announcement, Coingate’s co-founder, Dmitrijus Borisenka denounced the conflict which he says “is disturbing the freedom of e and its people.” The crypto payment processor’s head of product, Sarunas Matulevicius, said:

“We do what we do best. We have a platform that is able to process 70+ different cryptos with the ability to convert them into any other crypto or fiat in real-time.”

Another Coingate executive, Matas Kibildis, is quoted in a report explaining how cryptocurrencies have now demonstrated their importance. He said:

The fact that any person or private company can easily do cross-border decentralized-system donations to countries facing conflicts is truly mesmerizing and one of the big reasons why the community is actively supporting e.

Meanwhile, a report by a cryptocurrency news platform reveals that the international payments firm International Business Settlement (IBS), is also party to the arrangement. According to the report, all crypto donations will be converted into euros and IBS is tasked with approving and sending the payments to special donation accounts that have been set up by the central bank.

You can support ian families, children, refugees, and displaced people by donating BTC, ETH, and BNB to Binance Charity’s e Emergency Relief Fund.

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