Cryptocurrency - A supreme choice during wars
Wars are erupting quite frequently these days. Experts believe that the changing political and economic confrontations may push the world to a war, much larger at scale even if it is not a world war. Cryptocurrency is the super choice to keep your funds secure, private, portable and useful.
The Ukrainian government and NGOs raised over $100 million in crypto to support military and humanitarian efforts. It became a case study of how blockchain can supplement traditional systems in emergencies.
Crypto enables fast, low-cost, cross-border money transfers without relying on traditional banking systems, which may be shut down or sanctioned. For civilians or governments in war zones, crypto can act as a hedge against local currency collapse or inflation.
Crypto is hyper portable. Private keys can be memorized or stored securely, making wealth portable even when fleeing conflict zones.
Governments under sanctions may use crypto (especially privacy coins like Monero or mixers) to move funds internationally without detection.
Resistance groups or humanitarian causes can receive crypto donations from around the world, as seen with Ukraine during the 2022 conflict.
Communities can organize and fundraise through DAOs to support war efforts or humanitarian aid. Crypto-based tracking can improve transparency in fund distribution and aid logistics. NGOs can distribute stable coins directly to affected populations without intermediaries, reducing corruption or delays. Crypto wallets on mobile phones can allow displaced people to receive and use money even if traditional infrastructure is destroyed.