The founder of the Binance, Changpeng “CZ” Zhao, donated more than half a million dollars from the encrypted for disaster relief efforts in Thailand and Myanmar, in another testimony on the increasing tool for the emergency emergency efforts in the emergency.
Zhao 1000 BNB (BNB) donated a code of about $ 600,000 to disaster relief funds in the region on March 3, Blockchain data appears.
Zhao donates 1000 BNB. source: BSCSCAN
“Send 1000 BNB to donate for Myanmar and Thailand,” Zhao wrote on April 3 x mail.
The encryption donation comes after the injury of Thailand and Myanmar with an earthquake of 7.7 on March 28, causing severe damage to the large -scale buildings and floods.
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At least 2719 people were confirmed in Myanmar and 18 in Thailand, with 76 people are still missing, according to the latest numbers that he shared. Reuters.
The donation of $ 600,000 comes nearly a week after Zhao pledged to donate 500 BNB for relief efforts, a preliminary commitment to double it. The coded currency donations emerged as an important life line for the region, due to the banking restrictions caused by the damaged infrastructure.
source: Giving block
The encryption donations exceeded one billion dollars in 2024, driven by increasing digital asset evaluations and clarifying the increasing regulation of encryption. About 16 % of donations went towards education, while 14 % went towards medicine and health -related efforts.
The Ata Group has launched relief efforts in emergency encoding for Myanmar and Thailand to raise $ 500,000 to the destroyed area.
source: Thegivingblock
The organization expects the encryption donations to $ 2.5 billion in 2025 to generate the growth of increased encryption and increase adoption due to a more appropriate political scene.
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The encryption donations are gaining a traction of emergency relief efforts
Zhao’s donation is a testimony to the increasing role in the encrypted currency in humanitarian aid, according to Andy Lyan, author and expert of Blwchin International.
“Cryotation donations, compared to the traditional FIAT contributions, offered unique benefits, especially in emergency situations,” Lyan told Cointelegraph, adding:
“Speed is a major factor – transactions on Blockchain can settle in minutes, bypassing delaying banks or intermediaries, which is crucial when time saves lives.”
“In disasters -afflicted areas such as Myanmar or Thailand, where the infrastructure may be at risk, encryption can reach the beneficiaries directly via digital portfolios, rapid symbols or required wire transport operations,” explained.
Source: Anndy Lian
Lian also donated 44 BNB barrels for relief efforts in Myanmar and Thailand, a step that Zhao praised.
Vitalik Buterin co -founder of Ethereum was famous for his encrypted donations. In October, Burin Donate More than $ 180,000 in Ether (ETH) of the Kanro Biotechnology Association.
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