Cryptocurrency news

Bitcoin in the fight against coronavirus

Bitcoin in the fight against coronavirus

Many cryptocurrency exchanges took part in saving health and lives by donating huge sums of money to fight the pandemic. vs COVID-19, a cryptocurrency exchange, took part in a social initiative and donated $ 5 million to purchase protection against coronavirus infection. All the money raised will be used to purchase disinfectants, protective equipment for orphanages, as well as to purchase equipment for teaching children how to provide first aid.

“As the ancient Greek philosopher Plato said:“ Caring for the happiness of others, we find our own. ” The COVID-19 pandemic has shown how important social awareness and mutual assistance are today. A joint campaign with the Rotary International charity foundation is one of those steps that is designed to unite us and help those who really need support, ” management noted.

Binance vs COVID-19

One of the largest cryptocurrency exchanges, Binance has created its own charitable foundation, which helps countries in the fight against coronavirus infection. The organization itself has already donated more than $ 2 million to purchase COVID-19 protective equipment for countries such as Italy, Germany, Spain, South Korea, Iran, Turkey, the United States and the United Kingdom, as they are most affected by the spread of coronavirus.

In addition, Binance is an active philanthropist and helps countries deal with natural disasters such as landslides, tsunamis, tornadoes and others.

Ethereum and UNICEF

The global organization UNICEF, which specializes in helping children around the world, has been using cryptocurrencies for charity projects for more than a year. So, in October 2019, the company announced the creation of its UNICEF Cryptocurrency Fund, which accepts donations in the cryptocurrencies of the BTC and ETH.

The first contribution was made by the Ethereum Foundation in the amount of $ 18,000 in ETN tokens. The funds were sent to three grant recipients for charity initiatives in various countries.