Binance Charity has announced the first cryptocurrency donation to UNICEF.

Spread the love

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.

RECOMMENDED READ:  Thailand's central bank intends to control stablecoins later this year.

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.

 

 152 Interactions,  4 today

READ ALSO:
Why is Dogecoin still attracting looooong hodlers?

OGE's price has increased by more than 140 percent in the last 24 hours, and the altcoin is actually ranked Read more

RRipple to Provide ODL Metrics to Institutions and Private Clients

Matt Hamilton, director of developer relations at RippleX, shared on Twitter that Ripple expects to add ODL indicators to its Read more

The Bank of Brazil is the first state-backed bank to give customers exposure to a cryptocurrency exchange-traded fund (ETF).

The launch of Brazil's first crypto ETF has been delayed, but not due to any failure of planning. The Bank Read more

Satoshi Nakamoto, the creator of Bitcoin, is also one of the world’s top 20 wealthiest people.

Following the publication of the 2021 list of billionaires by the American business journal Forbes, this news focused on the Read more

Futures, Perpetual Swaps, and Options on Bitcoin Explained

Derivatives are tradable shares or futures whose value is derived from the underlying asset. In the case of cryptocurrency futures, Read more

Central Bank of Nigeria (CBN) and Nigeria’s SEC iin talks about crypto regulation, 2020 crypto guidelines  suspension unchaged.

The Securities and Exchange Commission (SEC) of Nigeria has reported that discussions with the Central Bank of Nigeria (CBN) about Read more

The XRP Community’s Reaction to the SEC’s “Sleazy” Move

The Securities and Exchange Commission (SEC) case against Ripple Labs, as well as executives Brad Garlinghouse and Chris Larsen, seems Read more

RECOMMENDED READ:  Bitcoin is a 'non-sensical' currency that is nevertheless meaningful, says the UK Investment Manager.
What Are the Odds of a Six-Figure Bitcoin in 2021?

Bitcoin (BTC) scaled a new all-time high this week, climbing to nearly $65,000 on Wednesday, April 14th. With Bitcoin's price Read more

Three North American Ethereum ETFs get approved in a single day.

When it comes to Ethereum ETFs, Canadian stock market holders will shortly have a plethora of options. Although obtaining exposure Read more

As the value of DeFi tokens rises, CRV predicts a bumper harvest for ‘DeFi Summer 2.0.’

The seasons are changing, and economies are shifting; will this be a banner summer for decentralised finance? Start the tractors: Read more

How Protocol updates and Google Cloud convergence boost the price of EOS by 245% in 2021.

After protocol updates and high-profile partnerships drew retail buyers, the price of EOS reached its highest level since 2018. On Read more

Leave a Reply

Contact Us