A massive 7.7 magnitude earthquake in Myanmar has left devastation in its wake, prompting continuing rescue efforts and international aid from various countries and organizations.
Impact of the Disaster
The earthquake near Mandalay, Myanmar, has already claimed over 2,000 lives and injured more than 3,400 people. In neighboring Thailand, around 80 individuals are trapped at construction sites. Rescue teams continue to search for survivors, and international aid is beginning to arrive.
Crypto's Role in the Crisis
In the face of damaged infrastructure and limited traditional financial capabilities, cryptocurrencies represent an effective alternative for delivering aid. With their ability to execute instant and transparent transactions, cryptocurrencies like Bitcoin and Ethereum enable funds to be delivered directly to those affected.
Support from the Crypto Community
The crypto community has mobilized to assist those affected by the earthquake. Binance's founder, Changpeng Zhao, announced a donation of 1,000 BNB to support Myanmar and Thailand. Others, such as Anndy Lian, followed suit, donating 44 BNB to aid those affected.
The Myanmar crisis demonstrates the growing role of cryptocurrencies in providing swift and effective humanitarian aid. Using decentralized networks allows bypassing bureaucratic delays and delivering support directly to those in need.
