Malta-based crypto exchange Binance’s charity division has initiated a campaign that will support the victims of Hurricane Dorian.
Binance Charity began taking crypto donations on September 5 for a relief effort that will provide basic necessities such as food and aid for victims of the natural disaster. The charitable project will be managed by local organizations in affected regions.
As noted on the campaign’s website, donations made in Bitcoin (BTC), Binance Coin (BNB) and XRP will go toward the Hurricane Relief Project. So far, the campaign has received 0.558 BTC (appr. $5,900) via 14 different donations. The funds have not yet been distributed.
The donations and disbursements will be logged on a blockchain, in order to make the process transparent, according to Binance Charity. The organization is also asking for suggestions on how to disburse aid in an efficient manner.
At least 40 People Have Died
Hurricane Dorian recently left the coast of the US and is currently moving towards Canadian Maritime province Nova Scotia. The International Federation of Red Cross and Red Crescent Societies revealed that there are 400,000 individuals that need food and other types of aid. Approximately 13,000 homes in the Bahamas have either been destroyed or damaged due to the hurricane.
At least 40 people in the Bahamas have died, however it’s expected that this number will grow as recovery efforts continue. Health Minister Duane Sands told local news outlet The Nassau Guardian:
“I believe the number will be staggering. I have never lived through anything like this and I don’t want to live through anything like this again.”
As the crypto industry evolves, the number of charitable initiatives also continue to increase. Previously, Binance Charity has been involved in projects that were aimed at improving services related to women’s health and education.
Binance Charity Aims to Improve Women’s Health and Provides Supplies to Schools in Uganda
Announced in July 2019, Binance’s charitable initiative for women involves 47 organizations that are developing a token geared towards improving health. The alliance consists of Ripple, Quantstamp (a smart contract security company), and Blockseed Ventures. These firms have joined the Binance Charity Foundation (BCF) in order to promote the “Pink Care Token” (PCAT) which is aimed at efforts that involve improving women’s health in underdeveloped or developing nations.
In late May 2019, Binance Charity inked a Memorandum of Understanding (MoU) with a non-governmental organization (NGO) in Uganda, called Safe Future.
As noted in Binance’s official blog post, the Binance for Children Special Impact Education Project Uganda will provide new supplies to schools in the African country. These items include sanitary pads, solar panels, LED screens, school supplies, and breakfast and lunch for students.