Binance, which is a leading crypto exchange and one of the most popular places to buy Bitcoin, has recently launched a fundraiser to help people impacted by the destruction that was wrought by Hurricane Dorian.
As the latest cryptocurrency news show, the past couple of days were terrible for the Caribbean islands and now the south east coast of the US is battered by winds with hundreds of individuals in active need of help.
The leading crypto exchange saw the situation and decided to help – launching the fundraiser through its charity division – the Binance Charity Foundation. The exchange is right now calling on the blockchain and crypto industry in general to donate to its non profit organization and help the people impacted from the hurricane.
The Binance fundraiser seeks cryptocurrency donations to help the storm victims. Hurricane Dorian was already described as one of the strongest hurricanes ever recorded – hitting the Bahamas on September 1 and leaving as many as 20 people dead, as a BBC news report showed.
#Binance for Hurricane Relief
All donations will be shown on the blockchain and will be accounted for in full.
— Binance (@binance) September 5, 2019
The best cryptocurrency news sites report about the leading crypto exchange and its initiative to help. In response to the catastrophe, Binance started calling on the blockchain and cryptocurrency industry to donate to a fundraiser. At the time of writing, the donations are coming in a variety of coins including Bitcoin, Binance Coin and XRP.
In the altcoin news, we can see that the blog post is already viral and the International Federation of Red Cross and Red Crescent Societies believe that as many as 400,000 people are in need of some form of help. The total cost of the damage, however, is still unknown.
The leading crypto exchange Binance stated that all of the funds raised will go towards nonprofits helping those impacted by hurricane. They also stressed the transparency that cryptocurrency use can bring to charitable concerns.
“All donations will be shown on the blockchain and will be accounted for,” the exchange wrote.
The post also features some plans to use the fundraiser for similar disasters in the future. As the leading crypto exchange noted, there are calls for donations as well as suggestions of how the donations process can be further streamlined and improved upon.
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