Global crypto communities have supported humanitarian efforts to assist Ukraine. Two cryptocurrency exchanges also want to aid Ukrainian refugees. Binance, the largest coin trading platform, and the Ukrainian Whitebit have turned their attention to the Ukrainians who had to leave their country as a result of Russia’s invasion.
Binance Launches a Charity Crypto Card to Help Ukrainian Citizens Escape Conflict
The world’s leading cryptocurrency exchange, Binance, will launch a “charity crypto card” this month for those who have been forced to leave Ukraine and need help, Ukraine’s Minister of Digital Transformation Mykhailo Fedorov announced on Telegram, following a conversation with the company’s CEO Changpeng Zhao.
“This is an important support for our citizens during the war,” the government official stated, quoted by the crypto news outlet Forklog. He said that his department continues to collaborate with the exchange on cryptocurrency adoption. The exchange also plans to support education projects in the space digital to assist more Ukrainians to acquire new skills.
Fedorov is also the Kyiv deputy prime minister. Fedorov stated that his company had already contributed $10 million to Ukraine. The firm plans to raise the total to $20 million within the next few years. Binance Charity collects crypto donations to finance humanitarian projects of large intergovernmental and non-government organisations.
Whitebit to Provide Assistance to Ukraine’s Foreign Ministry
Meanwhile, Ukrainian crypto exchange Whitebit has signed a memorandum of cooperation with the country’s Ministry of Foreign Affairs. Recently, the company stated that it could help those who have fled Ukraine escape ongoing hostilities by providing assistance through its foreign representative offices and technical resources. It stated in a blog posting:
We work on establishing cooperation with the government and helping Ukraine. Our business is expanding in countries around the world, which allows us to scale up our social programs essential for democracy preservation and European values.
Whitebit intends to provide assistance to Ukraine’s Consular Service in the countries where it maintains offices and facilitate “the transition of foreign diplomatic institutions to barrier-free digital spaces.” It also pledged support for the foreign ministry’s Anti-Crisis Center and a call center providing consultations to Ukrainians in need.
You can support Ukrainian families, children, refugees, and displaced people by donating BTC, ETH, and BNB to Binance Charity’s Ukraine Emergency Relief Fund.
What do you think about other crypto-platforms joining the effort to help Ukrainian refugees in Ukraine? Let us know in the comment section.
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