Crypto in a time War: Is this the time to prove its capability?

Crypto in a time of War

It is really quite strange to think that in this generation where there are enormous peace talks and organizations that there is still a war going on between 2 major countries. It has obviously entered day 74 since Russia invaded Ukraine and it still has not come to a fruitful solution despite the resistance from the EU and other regions. Unfortunately this is also the first time since the internet tested the good and the dark side of blockchain technology.

Source: https://www.csis.org/analysis/cryptocurrencys-role-russia-ukraine-crisis

Is this a true test for its capabilities?

Crypto as mentioned before has gone through a lot of phases for 13 years since its inception from being dubbed the replacement to the fiat money as a payment method to being used as a tool for speculation. Of course with the worldwide acceptance of cryptocurrency it has finally established itself as a tradeable asset and to some certain extent a payment method in some countries or institutions. It has obviously never been used in such a massive scale of conflict such as in Afghanistan or recently in the Ukraine and Russia War.

Source: https://coinquora.com/ukraine-bags-7m-crypto-donation-following-airdrop-announcement/

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Nagaya Technologies

Nagaya Technologies

NAGAYA (NGY) is a Gold-Backed Cryptocurrency with Subsidiary Projects. We aim to build Trust and Value through LEGALITY and TRANSPARENCY. https://nagaya.co/