Binance co-founder Changpeng Zhao has donated 500 BNB to Thailand and Myanmar following a devastating 7.7 magnitude earthquake. The donations are being facilitated through Binance and Binance Thailand.
Earthquake in Myanmar and Thailand
The earthquake struck on March 28, with its epicenter about 10 miles from Myanmar's second-largest city, Mandalay. At least 144 people have been confirmed dead, and 732 injured as rescue operations continue. Myanmar’s junta chief Min Aung Hlaing has called for international assistance to help with disaster relief efforts.
Crypto Donations in Times of Crisis
The efficiency of cryptocurrency transactions makes them an ideal medium for donations during crises. After the February 2023 earthquake in Turkey and Syria, numerous crypto donations were collected. The Giving Block also used crypto to raise funds for victims of the Maui wildfires, distributing over $1 million to assist efforts. More recently, in January, The Giving Block launched a relief fundraiser for the California wildfires, raising over $1 million.
Conclusion
Cryptocurrency donations are becoming a crucial tool in addressing the impacts of natural disasters, accelerating the speed and scale of aid delivered.
Cryptocurrency assistance is proving to be an essential resource in responding to natural disasters, increasing the reach and efficiency of aid distribution.
