Binance Charity has launched an initiative seeking to raise $ 5 million in cryptocurrencies to buy medical supplies for the countries most affected by the COVID-19 pandemic.

Binance will lead the #CryptoAgainstCOVID campaign with an initial donation of 1 million BUSD.

Binance Charity publicly discloses all transactions made with the donated amount

The fund will be dedicated primarily to medical devices and supplies that will be distributed around the world including Italy, Germany, Spain, Korea, Iran, Turkey, the United States and the United Kingdom. There is no Vietnam.

After 1 day of calling, Binance has raised more than 1 million dollars, equivalent to 150 BTC, including 1 million BUSD of Binance exchange | Source: Binance Charity

Binance Charity insists that all transactions made with the donated amount will be publicly available to ensure full transparency.

Changpeng Zhao, founder and CEO of Binance, stated:

The crypto community is a growing force and we have the opportunity to reinforce this through philanthropy. We call upon the community to join this initiative so we can unite against COVID-19.

Binance donated $ 1.5 million in medical supplies to Wuhan

Binance Charity's global campaign, to combat the Corona virus after similar efforts was successful in mainland China.

In January, Binance donated $ 1.5 million in medical supplies through Binance Charity to Wuhan City, which was the epicenter of the Covid-19 pandemic and also where the world donated from good.

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As of March 20, Binance purchased 365,000 pairs of gloves, 56,800 masks, 9 sterilizers, 5,280 bottles of hand sanitizer, 20,000 test kits, 7,850 protective suits, 20,000 pairs of goggles. , 388 oxygen concentrators, 1,000 germicidal lamps and about five tons of disinfectant.

Supplies were distributed to more than 300 hospitals and medical teams including Hubei, Sichuan, Guangxi, Shanghai and other Chinese provinces at the epicenter of the pandemic.

“The most important element of human life is to show compassion and help others when we can, without limits or boundaries.“, Helen Hai, head of Binance Charity said.

“Blockchain technology allows this possibility to be greater than ever and Binance Charity wants to bring this to the public.”, She added.

Binance Charity also proudly proclaims itself to be the first and largest blockchain charity fund in the crypto industry globally.

However, Binance is the largest market exchange in Vietnam, they also make a lot of profit from this market, but there is no donation activity here, despite economic losses. with Vietnam is also very large and thousands of companies and individuals in Vietnam have donated hundreds of billion dong to combat the Covid-19 pandemic.

There are many ideas that this is a PR action, taking other people's money to polish his name, and focusing on giving away to “the rich” but forgetting “the poor”.

Nguyen Ngoc Ngan

According to AZCoin News

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