Crypto exchange Binance today announced that it has pledged an additional $1 Million for coronavirus relief efforts, and pledged to match a further $2 million in public donations.
The money will go towards personal protective equipment to hospitals and first responders in Puerto Rico and adjacent Caribbean islands.
Binance matched donations from Puerto Rico’s charitable foundation, the Integro Foundation, two-to-one. Integro contributed $333,000 USD; Binance is giving away $1 million of course in digital currency.
Donations out of the Crypto Against COVID pot. Launched on March 24, the campaign aims to raise $5 million worth of cryptocurrency from customers. Binance will match the first $2 million donation, and said it will spend most of the funds buying the medical equipment campaign.
On April 3, Binance CEO Changpeng Zhao revealed that he had donated $2.4 million to cure the coronavirus. This brings the total amount Binance has pledged to date to $3.4 million. The total amount in the fund, which collects donations from more than 40 crypto companies as well as Integro, is $3.8 million.
Puerto Rico’s medical infrastructure was devastated after a series of natural disasters — two hurricanes in September 2017, and an earthquake in January 2017, Binance said.
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Compared to other places, this pandemic has not hit the island’s 3 million inhabitants especially the hard ones; there are 1,400 confirmed cases and 86 deaths, according to data from Worldometer. By comparison, New York state has 301,450 confirmed cases and has killed 23,144 people.
“The most important element of human life is to show mercy and help others to the best of our ability, without borders or restrictions,said Helen Hai, head of the Binance Charity Foundation.
Who says crypto can’t save the world?