Ukrainians received 200 million UAH of humanitarian aid thanks to the technology of the Weld Money startup
The project made it possible to launch a product that Ukraine so desperately needs today.
Together with the charitable fund Unchain Fund and UNEX Bank, they created the world’s first cryptocurrency card to help Ukrainian women and children affected by the war — the UNCHAIN Help Card. Cryptocurrency donations come to the card immediately in UAH in the equivalent of 25 euros per week per person. More than 20,000 people have already received assistance.
What is the essence of Weld Money technology?
Weld Money is the first crypto project in Ukraine to successfully launch a product at the intersection of Blockchain and traditional Banking: a transparent bridge between two worlds.
“Cryptocurrency helps raise millions of dollars to provide humanitarian aid as quickly as possible and in the most difficult situations. We at Unchain Fund have created processes that allow people from all over the world to help Ukrainians.” commented Oleksiy Meretskyi, co-founder of Weld Money and Unchain Fund.
The victim can get a UNCHAIN Help Card from Weld Money in a few steps, then the Unchain Fund credits the donation card, after which the funds can be spent using contactless payment via Google / Apple Pay. At the time of payment, the bank releases the fiat transaction into an overdraft (interest-free loan), and Weld immediately converts the required amount from the cryptocurrency. Innovative architecture does not require prior replenishment of the card, and also avoids high blockchain fees due to free intra-exchange transfers.
Who was the first to support Weld Money?
At launch, the project raised $ 3.6 million from investment companies from around the world, including Concorde Capital(Ukraine), Magnus Capital, 7 O’Clock Capital, OIG, AU21, Kangaroo Capital, Skynet, Avalon Capital and others.
Currently, financial support for the UNCHAIN Help Card has been provided by the largest players in the cryptocurrency market: NEAR, Solana, Binance Smart Chain, Celo, Harmony, Polygon, Avalanche, Gnosis, Polkadot, IoTeX, Terra, Bitcoin, Moonbeam in various cryptocurrencies, as well as a personal donation from Vitalik Buterin (co-founder of Ethereum).
The Weld Money community is growing every day and all holders and users of the WELD token are already registering to receive a Weld card on the company’s website. Learn more and join the Weld Money community at https://t.me/weldmoney .
“Like thousands of other Ukrainian companies, we were forced to urgently restructure our business to help Ukraine and Ukrainians in this difficult time! The blockchain and the technological solution of Weld Money cards proved to be very relevant when it came to full transparency and targeted delivery of charitable assistance to the most affected segments of the population “- comments Iryna Lorens, co-founder of Weld Money.