Binance will donate $ 1.5 million to …

Binance will donate $ 1.5 million to help victims of the coronavirus epidemic in China

Companies from the cryptocurrency industry have expressed their readiness to provide assistance to residents of China amid the 2019-nCoV coronavirus outbreak. So, the Binance exchange will donate 10 million yuan ($ 1.44 million).

“It is unrealistic to transfer money in cryptocurrency to final recipients in Wuhan,” wrote Binance CEO Changpeng Zhao in response to a call from Sino Global Capital CEO Matthew Graham. – Binance has donated 10 million yuan to help victims of the coronavirus. We have not publicized this information, but the Binance charity has been active over the past few days. We still need help to arrange logistics on site. “.

Zhao later revealed that the Binance team had contacted the largest e-commerce and logistics companies in China. The exchange ordered about 70,000 medical masks from other countries, but faced with the fact that all the masks were sold out in nearby regions, and so far it has been able to find only 8,000. The problem of sending them to Wuhan, which has become the epicenter of the disease, also remains relevant.

Binance will donate $ 1.5 million to ...

In addition, on January 25, marketing service Krypital announced the launch of a charity initiative to purchase medical supplies. To do this, the firm will launch a blockchain-based system, which is expected to improve the efficiency and transparency of the process..

Binance previously raised donations to rebuild Notre Dame Cathedral in France, much of which was destroyed by fire.

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