Humanitarian aid to those affected by the recent earthquake in Myanmar and Thailand increasingly relies on crypto donations.
Changpeng Zhao's Contribution
Binance co-founder Changpeng Zhao donated 1,000 BNB tokens worth about $600,000 to the relief efforts in Myanmar and Thailand following the March 28 earthquake.
Significance of Crypto Donations
Cryptocurrency donations have become a vital source of aid due to their speed and independence from infrastructure that may be compromised by natural disasters.
Plans and Initiatives
The Giving Block launched a crypto-based relief initiative aiming to raise $500,000 for Myanmar and Thailand. Cryptocurrency donations are expected to reach $2.5 billion by 2025.
Cryptocurrencies continue to play a crucial role in humanitarian missions, showcasing their effectiveness in challenging conditions and attracting innovative forms of aid.
