CZ Donates 500 BNB Worth $306,845 to Thailand, Myanmar After Earthquake
Binance co-founder Changpeng “CZ” Zhao is donating 500 BNB value $613.69 every, in whole of $306,845 to Thailand and Myanmar after the 7.7 magnitude earthquake that occurred on March 28.
The earthquake led to the destruction of constructions and floods; the worst affected space was close to Mandalay which is Myanmar’s second largest metropolis.
Zhao made the announcement by means of a submit on X, the place he wished for the protection of the folks in Thailand. He’ll disburse the funds by means of Binance and Binance Thailand if there may be not an onchain third-party donation platform that can be utilized for the funds.
His donation is to help each nations the place a minimum of 144 folks have been confirmed useless whereas a whole lot of others injured. Extra individuals are prone to die because the rescue staff proceed looking for the our bodies.
The epicenter of the earthquake was solely 16 kilometers from Mandalay and Myanmar’s head of state Min Aung Hlaing has urged the worldwide group to assist the nation on this regard. Crypto donations are more and more being utilized in catastrophe reduction since they’re comparatively cheaper and fast to course of.
The identical was the case in earlier disasters together with the 2023 Turkey-Syria earthquake and the Maui wildfires the place crypto donations had been used to lift tens of millions.
As an illustration, The Giving Block efficiently raised over $1 million for the Maui reduction efforts and proved that cryptocurrencies might be very helpful in offering well timed help throughout calamities.
The donation by CZ displays how the usage of blockchain and crypto can deliver a couple of optimistic change on this planet.
Additionally Learn: CZ Becomes First Crypto CEO to Hit 10M Followers on X
