“We apologize to our Russian miners; many of you do not support war. However, it is you who is supporting your country,” the mining pool said.
Russian invasion of Ukraine is proving to have more consequences than could be imagined when FlexPool, one of the largest Ethereum mining pools, has cut its services to customers in Russia. While it is quite unusual for a business to get involved in politics, FlexPool comes out as the first crypto-based outfit which side to take by showing solidarity with Ukraine.
“We generally do not get involved in politics despite our personal views as a company,” a Flexpool spokesperson said. say in a message on Thursday night on its official Telegram channel. “However, this is greater than politics, greater than anyone. This is a war that could end the world. It is definitely ending the lives of many innocent people in Eastern Europe.”
The decision to cut off Russian users from its platform was not an easy one as company representatives posted on a Reddit forum. Affected users will have their balances paid, and the company says it is ready to welcome Russian users back in the early hours when the crisis has been amicably resolved.
“We apologize to our Russian miners; many of you do not support war. However, it is you who is supporting your country. Without the people, Russia cannot function. It is only through the reduction of the economic power of the people that we have a chance to influence this war. We thank you for your loyalty and I hope you understand that we are not taking this decision lightly. If this situation is resolved peacefully, we will happily welcome all Russian miners back and use our personal funds to compensate you,” the mining team said.
Cut FlexPool Service, Calling Other Companies to Join Its Approach
When FlexPool cut services to Russians as a way to force the government to rethink its approach in handling diplomatic relations with Ukraine, the company called on other companies to join. enhance its approach and put people above profit.
“We call on other companies and people around the world to join us and make a difference together. This is not about politics; This is about preventing the apocalypse and saving lives. Companies and people need to put the planet above profits in the modern era,” the statement read.
Governments around the world have enacted sanctions against Russia, with the United States, Great Britain and the European Union determined to cut the country off from international transactions because its financial institutions cannot process transactions involving USD, GBP and Euro and other institutions.
Sanctions are still in place and while the Russian government may think it has figured everything out as it is, the economic effects on people in the long run could be too severe. important to understand.
Benjamin Godfrey is a blockchain enthusiast and journalist who enjoys writing about the real-life applications of blockchain technology and innovations to promote general acceptance and integration of emerging technology around the world. His desire to educate people about cryptocurrencies inspired his contributions to popular blockchain-based websites and media. Benjamin Godfrey was a lover of sports and agriculture.
https://www.coinspeaker.com/flexpool-cuts-services-russia/ FlexPool cuts its service to Russian customers after Russia attacks Ukraine