CHANGPENG “CZ” Zhao, co -founder of Binance, has donated more than $ 500,000 to the earthquake disaster relief efforts of Thailand and Myanmar in another evidence of the usefulness of blockchain -based emergency charity efforts.
On March 3, Zhao donated almost $ 600,000 to the disaster relief fund in this region.
Zhao donates 1,000 bnb. source: Bscscan
On April 3, Zhao said, “We sent 1000 BNB to donate Myanmar and Thailand.
Cryptocurrency donations are caused by Thailand and Myanmar due to a severe flood that caused serious damage to the building after the 7.7 earthquake on March 28.
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According to the latest numbers shared by Reuters, at least 2,719 people were killed in Myanmar and 76 were still not calculated.
The $ 600,000 donation is the first promise that Zhao has doubled, almost a week after Zhao promised to donate 500 BNB for relief. Cryptocurrency -based donations have emerged as a significant life line in the area due to damaged infrastructure.
source: Give block
The cryptocurrency donation exceeded $ 1 billion in 2024, triggered by increasing digital asset evaluation and increasing encryption regulatory clarity. About 16%of the donations were educated and 14%went to medical and health -related efforts.
Giving Block has started an effort to crystal -based emergency relief to raise $ 500,000 for areas where Myanmar and Thailand are devastated.
source: Thegivingblock
The group is expected to have $ 2.5 billion in encryption as an increase in encryption assets and more favorable political environments, as encryption asset production increases and adoption increases.
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Encryption donations gain traction for emergency relief efforts.
According to the author and the government’s blockchain expert, ANndy Lian, Zhao’s donation is evidence that the role of cryptocurrency is increased in humanitarian aid.
Lian added to Cointelegraph as follows:
“Speed is a key element. Transaction in the blockchain network can be settled in a few minutes by bypassing the delay of a bank or an intermediary, which is important when saving time.”
LIAN said, “In areas where infrastructure can be damaged or in disasters such as Myanmar and Thailand, encryption can reach the recipient through digital wallets and no rapid code or wire transfer.
Source: Anndy Lian
Lian also donated 44 BNB tokens to Myanmar and Thailand’s relief activities, which was publicly praised by Zhao.
Vitalik Buterin, co -founder of Ether Leeum, is famous for his password donation. In October, Buterin donated more than $ 180,000 to BIOTECH charity KANRO from Ether (ETH).
https://www.youtube.com/watch?v=6znzg3gvPui
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