The Binance founder, Changpeng “CZ” Zhao donates 500 BNB (BNB) each to Thailand and Myanmar after an earthquake of 7.7 size that caused severe damage to the large -scale buildings and floods.
Zhao plans to distribute money through Binance and Binance Thailand if a third -party donation platform cannot be found on disaster relief funds.
“I hope everyone is safe in Thailand,” Binance founder wrote on March 28 mail Before announcing the contributions to both countries affected by the earthquake.
According to GuardianAt least 144 people have been confirmed that they died as a result of the catastrophic earthquake, as the first respondents in both countries continue to rescue efforts to liberate people trapped under the rubble.
source: CZ
Related to: Thailand organizer agrees to Usdt, USDC Stablecoins
Disasters hit Myanmar and Thailand
The earthquake was hit on March 28 at around 1:20 pm local time. The earthquake center was about 10 miles from Mandalay-the second largest city in Myanmar.
It is expected that the death toll in both countries will rise with the continued relief efforts, as 732 individuals were injured as a result of the earthquake.
Junta Min Aung Hlaing in Myanmar has called on any country ready to help disaster relief efforts to provide any help.
Explanation of aid exaggeration during the crisis times
Border efficiency, low transaction costs, and semi -fixed settlement times of cryptocurrencies make digital assets an ideal way to disaster relief boxes.
After an earthquake of 7.8 impact on Türkiye and Syria in February 2023, Mohsen Haluk Levint began collecting relief donations from disasters.
Give Block, a company that works with non -profit organizations to facilitate encryption donations, has also used Crypto to raise money for MAUI fire victims in 2023 and managed to provide more than a million dollars for relief efforts.
Recently, in January, the giving group began to collect relief for relief in emergency situations for those who were affected by the California fires in Los Angeles and the surrounding areas.
At the time of writing this report, the organization raised more than a million dollars to the California Relief Fund.
magazine: Crypto changes how humanitarian agencies provide assistance and services
Related Articles
