BROKERS NEWS

Since February 24, 2022, Ukraine has been in the military turmoil caused by the Russian invasion. According to the official resources, over 4 million people were forced to leave their cities and flee from the war. And all in the heart of Europe. The biggest military shock since World War II that holds the whole civilized world in terror is still torturing Ukrainians. People from all over the world gather effort to support Ukraine and provide help to the Ukrainian military and civilians.

Volodymyr Nosov, the CEO of WhiteBIT, the biggest European crypto exchange, has announced a cooperation with the governmental program aimed at becoming the main fundraising window everyone can use. Nosov shared the details of the cooperation and explained why it is so important for the WhiteBIT exchange to become part of such initiatives.

What is United24?

In May 2022, the President of Ukraine launched a large-scale program designed to help rebuild and restore Ukraine during and after the war. The core element of the program is the like-named fundraising platform.

Currently, the received aid goes to the humanitarian needs of the Ukrainian population, medical care, and the military. The initiative was created to attract the attention of individuals, companies, and even governments from all over the world to the harsh situation around Ukraine and the Ukrainians who fled the war.

To provide a reliable platform, the presidential program cooperated with Volodymyr Nosov’s company WhiteBIT. The WhiteBIT exchange originated in Kharkiv, a Ukrainian city in eastern Ukraine. WhiteBIT’s ecosystem operates in the realm of digital assets and has a well-experienced group of professionals and services to process operations with crypto. The exchange is not the only Nosov’s company that operates with digital assets. WhitePay is another Volodymyr Nosov’s project that works together with the presidential initiative.

What has been done so far

During the debut week of fundraising, United24 managed to attract over $2,805 million. The aid was received from 72 countries, including the United States, Great Britain, France, Canada, Germany, and Ukraine. $0,362 million was raised in crypto processing thanks to Volodymyr Nosov’s WhitePay. The primary receiver of the aid is the National Bank of Ukraine (NBU). Then, the funds are directed to specific ministries responsible for demining, medicine, and the rebuilding of Ukraine. The ultimate goal of the program is to raise over $600 mln.

All crypto payments are processed through Volodymyr Nosov’s crypto company WhitePay and then sent to the NBU and the ministries. The reports on the received funds are updated every day on the NBU website and weekly on the United24 platform. The social media of WhitePay and the WhiteBIT exchange update the information as well so that the users can monitor the distribution of their donations.

The role of WhitePay

We already mentioned that Volodymyr Nosov’s crypto company had been actively engaged in different initiatives to help Ukraine. A Kharkiv-based crypto ecosystem is one of the most prominent supporters of Ukraine’s resistance. Kharkiv, Nosov’s native city, has been heavily bombed since the beginning of the war, just like hundreds of other Ukrainian cities in the east of Ukraine. The idea of fundraising is not a promotion campaign, neither a way to hype on the terrible issue. The ideology behind Nosov’s participation in multiple fundraising initiatives lies in a heartbreaking home sickness and worry about the mother country.

Here’s what Volodymyr Nosov says about the partnership: “Our exchange is honored to be part of such a program. We strive to contribute to the recovery of Ukraine as much as possible, and United24 is an excellent possibility for us to provide the professionalism of our team to the needs of Ukraine. WhiteBIT and WhitePay have been supporting the country since the beginning of this horrible war, and we will not stop till the ultimate victory of the Ukrainians. WhitePay is processing all digital asset aid. Moreover, we made sure the contributors had zero problems with the mere process of donation. The platform is easy to use and user-friendly. If you know at least a little bit about crypto and you hold it, you won’t have questions about “how” or “what” to click. Any person or company can make a donation thanks to a clear and convenient mechanism.” The Kharkiv-based crypto ecosystem aims to

WhitePay is part of the low fees crypto exchange WhiteBIT and its ecosystem. It is a company that concentrates on digital asset processing and helping different companies to receive payments in crypto. WhiteBIT together with WhitePay organized their own fundraising campaign right after the Russian invasion. The social media of WhiteBIT and WhitePay regularly post reports on the donations and the photo/video support from the people who participate in the fundraising.

The WhiteBIT exchange has recently bought the Eurovision winners’ cup for $900,000. Thanks to Serhiy Prytula Charity Foundation, the funds will be sent to the needs of Ukraine. The exchange has also stepped into an international arena, having signed a memorandum with the Ministry of Foreign Affairs of Ukraine. Thus, the WhiteBIT crypto exchange intends to provide conditions to help Ukrainians who had to flee from the war to other countries.

Wrapping up

United24 is the initiative of President Volodymyr Zelensky of Ukraine that intends to become the main mechanism of raising funds for Ukraine. The aid can be sent both in national currencies and crypto. WhitePay is the company responsible for crypto processing operations. WhitePay is part of the WhiteBIT exchange, the biggest European crypto exchange that comes from Ukraine. The WhiteBIT corporation aims to attract the attention of the international community to the problem of the Russian invasion and accelerate the process of Ukraine’s recovery. - This is a paid Press Release