Binance, the world is leading cryptocurrency and blockchain infrastructure provider, engaged 10 millions dollars to alleviate the humanitarian crisis in Ukraine.
“The donation will be split between major intergovernmental organizations and non-profit organizations already on the ground,” according to a statement.
He has also launched a crypto-first crowdfunding site, called Ukraine Emergency Relief Fund to enable people donate cryptocurrency to help provide emergency relief to refugees and children and to support logistics on ground such as food, fuel and supplies for refugees.
“A donation of 16,042 BNB, with the equivalent value of 6 millions dollars, a already summer made by Binance,” he noted.
“Watching this conflict escalate over the past four days shocked our community at son core. We are proud to have been able to quickly rally our network bring relief and support on the ground to those in need”, said Changpeng Zhao, the founder of Binance.
Meanwhile, the Ukrainian government’s official The Twitter account provided two cryptocurrencies money accounts Thursday – one for receive only bitcoin and the other for taking Ethereum and Tether.
“The addresses mentioned in the tweets have already received 10.2 millions dollars across 12,799 transactions,” according to blockchain analytics firm Elliptic.
Elliptic noted that total cryptocurrency donations to Ukrainian government and non-governmental organizations (NGOs) supporting the military now stand at 16.7 millions of dollars.
Bitcoin and other cryptocurrencies seem certain to attract even bigger discussion in the future, with their latest use in the Russian-Ukrainian conflict opening a new page in such debate.