Binance co-founder Changpeng “CZ” Jhao donated a crypto of over half million dollars for earthquake disaster relief efforts in Thailand and Myanmar for growing utility of blockchain-based emergency charity efforts.
On March 3, Zhao donated 1,000 BNB (BNB) tokens worth about $ 600,000 for the disaster relief fund for the region at a blockchain data show.
Zhao donates 1,000 BNB. Source: Bscscan
“1000 BNB was sent for donations to Myanmar and Thailand,” written by Zhao in April 3 on 3 April Post,
Crypto Dan was killed by a 7.7 magnitude earthquake on March 28 after Thailand and Myanmar, causing severe damage to buildings and widespread flood damage.
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At least 2,719 people have been confirmed dead in Myanmar and 18 in Thailand, still unaware for 76 people, according to the latest data shared by 76 people. Roots,
The donation of $ 600,000 comes after about a week when Jhao promised to donate 500 BNB for relief efforts, an initial commitment that he doubled. Due to banking restrictions due to damaged infrastructure, the cryptocurrency-based donation has emerged as an important lifeline for the field.
Source: The Giving Block
Crypto donation exceeded $ 1 billion in 2024, by increasing digital asset evaluation and increasing crypto regulator clarity. About 16% of the donations went towards education, while 14% went towards drug and health efforts.
The Giving Block has launched a crypto-based emergency relief attempt to Myanmar and Thailand to raise $ 500,000 for the destroyed region.
Source: Thegivingblock
The organization hopes that Crypto donation will reach $ 2.5 billion in 2025 in 2025 due to increase in crypto money creation and more favorable political scenario.
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Crypto donation receives traction for emergency relief efforts
Donation of Zhao is a will for the growing role of cryptocurrency in humanitarian aid, according to the AND Lian, writer and inter -government blockchain expert.
“Crypto donation, compared to traditional fiat contributions, provide unique benefits, especially in emergency situations,” Lian said, “
“Speed is a major factor – transit on the blockchain network can settle in minutes, bypassing the delay of banks or middlemen, which time is important when time saves life.”
“In disaster-rich areas such as Myanmar or Thailand, where infrastructure can be compromised, Crypto can directly reach the recipients via digital wallets, no swift code or wire transfer is required,” Lian explained.
Source: Annie Lian
Lian also donated 44 BNB tokens for relief efforts in Myanmar and Thailand, a step that was publicly praised by Zhao.
Atherium co-founder Vitallic Butlerin is known for his crypto donation. In October, butterin Donation More than $ 180,000 in Biotech Charity Kanaro to Ether (Ath).
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