Crypto exchange Binance said it found that users in Turkey are increasingly making use of crypto payments in the wake of the earthquake.
Binance encrypted airdrops from TurkeyThe top password exchange Binance is on the list of companies that promise to donate money to Turkish users. Binance said it would airdrop $100 worth of BNB to users in Turkey's earthquake zone. CZ, the top chief executive of the exchange, said the total donation was about $5 million. Login passwords such as Bybit, Bitget, BitMEX and Bitfinex have come forward to apply to victims.
Binance to airdrop $100,000BNB for Turkish victims
In a recent study, Binance found that Turkish users are increasingly using encrypted payments in the face of difficulties in Turkish banking. Sources said that the damage led to more than 4000 people were killed, causing damage to more than a thousand engineering buildings in the area, resulting in huge property losses. The exchange said in a blog article that it would use $100 worth of BNB for airdrop materials for all Binance users living in areas severely affected by the earthquake.
Encrypted money transfers are increasingly being used to provide free aid to the affected people because it brings rapid, cost-effective, borderless and transparent trading.
How to donate money to Turkish victims on Binance
Binance also stressed that a detailed address of published donations has been launched for everyone to donate. Each mass donation is converted into Try and communicated to the authorized organization responsible for the rescue operation. Donations can also be made in BTC, ETH, BNB, BUS and XRP within the Binance emergency earthquake disaster call portal.