Myanmar experienced a massive 7.7 magnitude earthquake, claiming over 2,000 lives. This event has highlighted new ways of delivering humanitarian aid.
Scale of the Disaster
The earthquake occurred on Friday near Mandalay, at a depth of 10 kilometers. It is the strongest earthquake in the country since 1912. Reports indicate over 3,400 injured, with the death toll expected to rise as information comes from neighboring Thailand. Rescue teams continue to search for survivors.
Cryptocurrency Donations
In light of the humanitarian disaster, many organizations have begun accepting cryptocurrencies as a means for aid. Among them are the British Red Cross, Doctors Without Borders, and UNICEF. These organizations leverage crypto transactions for quick fund transfers, avoiding delays due to banking processes.
Next Steps
Public figures like Changpeng Zhao, co-founder of Binance, have already made donations. He announced support for earthquake victims by donating 1,000 BNB between Myanmar and Thailand. This gesture underscores the importance of crowdfunding through cryptocurrencies in responding to disasters.
The catastrophe in Myanmar highlights the critical need for rapid humanitarian aid delivery, as well as the increasing role of cryptocurrencies in this process.
