According to Binance CEO ‘CZ’, Binance is working on more efforts to help
The devastating earthquake that besieged Turkey on February 6 left a damaged mark, seriously affecting many community streets themselves.
In response to the tragedy, Binance, a cryptocurrency trading center, said it would use $100 worth of BNB tokens to airdrop supplies to all Binance customers living in areas hardest hit by the earthquake. The whole process of identifying qualified customers will include checking the address certificates (POA) submitted in 10 cities affected by the earthquake before February 6th: Adana, ad "yaman, diya bak" r, Jiaji Hongtai, Hatai, kahramanmara ", Killis, Latia," anl "urfa and Osmaniye.
While the POA approach may not be 100% accurate, Binance shows that it feels it is the best way to pinpoint consumers affected by the earthquake. According to statistics, the total amount of such donations is about 5 million US dollars, equivalent to 94 million Turkish lira. Binance Charity has also set up a detailed address to publish donations, encouraging individuals to use a variety of cryptocurrencies to make donations to earthquake emergency calls, including BTC, ETH, BNB and BU.S. And XRP.
After the outbreak of floods, I often encounter difficulties in obtaining traditional banking business, especially when they are most in need of core needs such as medical supplies and food. As a result, it is becoming more and more popular to use cryptocurrency transfers to provide assistance to the Finance Bureau to the affected people, which is particularly suitable for emergency situations because of its faster transfer speed, high cost efficiency, full transparency and no restrictions.
Cryptocurrencies are increasingly becoming a solution to post-disaster reconstruction assistance. For example, cryptocurrency is used to provide assistance to those who have been affected by the civil war in Ukraine. Aid agencies use encryption algorithms to provide financial bureau assistance and equipment to people who find it difficult to obtain traditional banking business because of contradictions.
Other organizations in the data encryption ecosystem are also scrambling to apply the unlucky victims of the Turkish earthquake. On February 6th Bitget, a cryptocurrency trading center, announced that it had pledged financial support for a rescue operation of 1 million Turkish lira ($53000).