Binance CEO CZ recently announced his intention to donate 500 BNB to Myanmar and Thailand with the goal of increasing transparency in charitable activities.
Why is CZ Donating 500 BNB?
CZ expressed his desire to assist Myanmar and Thailand, which face economic challenges and natural disasters. He aims to enhance transparency in donation processes by using blockchain technologies to trace every fund allocation.
How Blockchain Technology Can Transform Charity
Blockchain allows every transaction to be recorded, ensuring transparency and eliminating misuse. A decentralized identification (DID) platform can ensure funds reach the recipients who need it.
Binance and Its New Initiatives
Binance has recently extended its zero-gas-fees promotion for transferring stablecoins FDUSD, USDC, and USDT on BSC and opBNB platforms, simplifying transactions and reducing user costs.
CZ's initiative highlights the importance of transparency in charity and showcases how modern technology can improve aid distribution. Binance continues to enhance its support measures, making operations more accessible for users.
