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Binance Charity recently declared its plans to help in the COVID relief efforts in India by assisting with oxygen supply activities. India recently had the largest one-day count of new COVID 19 in the previous 24 hours. Many stories in the last week have shown how COVID 19 patients died due to a lack of medical oxygen in hospitals around the world.
Binance’s $200,000 crypto donation to humanitarian efforts will help it fulfil its position as a distribution partner.
The official announcement shared by Binance’s CEO read:
Our charity team @BinanceBCF have so far located 175 oxygen connectors in available stock in Asia, cost roughly $200k, and it should arrive in Indian hospitals in 7 days. Still working on 1000 more. Our prayers go out to everyone in India fighting this pandemic. Stay SAFU! 🙏❤️
— CZ 🔶 Binance (@cz_binance) May 1, 2021
During the pandemic, Binance’s philanthropic arm has given financial assistance as well as blockchain connectivity to India. Earlier in 2020, it collaborated with Mumbai’s Makers Asylum to create 43,000 face shields that will be distributed in 30+ hospitals, police stations, and non-governmental organisations throughout India.
However, Binance is not the only company providing “crypto-assistance” in these tough times in India. Vitalik Buterin, co-founder of Ethereum, recently donated 100 ETH and 100 MKR, which was worth roughly $606,110 at the time, for covid 19 relief in India. Following in the footsteps of Vitalik, Balaji Srinivasan, a former Coinbase CTO and board partner at venture capital firm Andreessen Horowitz, contributed $50,000 in ETH. Justin Sun, the founder of the Tron Foundation, on the other hand, contributed 2 million TRX to the India Covid relief.
Bret Lee, a well-known crypto enthusiast and cricketer, has donated 1 BTC to the crypto relief campaign.
“It saddens me deeply to see people suffering due to the ongoing pandemic. I feel privileged to be in a position of making a difference and with that in mind, I’d like to donate 1 BTC (Bitcoin) to Crypto Relief to help with the purchase of oxygen supplies for the hospitals across India.”