Binance Charity also announced the first cryptocurrency donation to UNICEF to help with vaccine procurement and delivery. UNICEF is the world’s biggest vaccine buyer, with experience in sourcing and logistics to assist children in need. Binance’s $1 million crypto-donation to the foundation will sustain its position as the COVAX facility’s primary distribution partner, helping to insure global equal access to COIVD-19 vaccines.
According to the official announcement shared with AMBCrypto,
“As the first pillar of Binance Charity’s Post-COVID Recovery Plan, the funding will support UNICEF’s role in helping to deliver COVID-19 Vaccines to communities in 11 countries by the end of 2021: Ghana, Nigeria, Kenya, Uganda, Egypt, Indonesia, Philippines, Vietnam, Bangladesh, Ukraine, and Brazil.”
Binance has been collaborating with UNICEF for a long time, and this donation will help offset the expenses of delivering over 500,000 doses of COVID-19 vaccines to low and middle-income countries.
UNICEF intends to distribute 2 billion vaccines by the end of the next fiscal year. Binance Charity has now raised $5 million and distributed 2 million personal protective equipment (PPE) to 26 nations. Helen Hai, the Director of Binance Charity, said,
“The progress some countries have made in rolling out vaccines has been hugely impressive, but we want to make sure nobody is left behind. We’re proud to be supporting UNICEF in vaccine delivery, which will play a major role in getting everyone’s lives back. This partnership is in support of a world that ensures vaccines are readily available to all, so that we may end the pandemic together.”
Binance’s philanthropic arm has been assisting UNICEF with charitable support as well as blockchain infrastructure. Earlier in 2020, it collaborated with UNICEF to rebuild Beirut after the explosion that claimed many lives.
However, Binance Charity is not the only charity that provides assistance in the form of cryptocurrency. Huobi Charity donated $1 million in Bitcoin and fiat money to UNICEF’s Crypto Fund earlier this month. This was the organization’s first institutional Bitcoin promise.
As a result, it seems that crypto-businesses face stiff competition, even in the charitable and philanthropic markets.
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