The catastrophic earthquake that shook large parts of Turkey a few days ago has left many casualties and disrupted the lives of many people. Therefore, the Binance cryptocurrency exchange has decided to come to the aid of the citizens of this country and give financial assistance of $100 to its users in 10 earthquake-affected cities.

The largest cryptocurrency exchange in the world announced in an announcement that it will donate $100 to each of its customers in the areas most affected by this great earthquake. This help in the form of BNB token will be given to those users of Binance exchange who have proof of address (POA) from 10 cities of Adana, Adiaman, Diyarbakir, Ghazi Aintab, Khatay, Kahraman Maresh, Kilis, Malatya before 17th of February. , Shanli Orfe and Osmaniye have registered on this platform.

The largest cryptocurrency exchange in the world announced in an announcement that it will donate $100 to each of its customers in the areas most affected by this great earthquake. This help in the form of BNB token will be given to those users of Binance exchange who have proof of address (POA) from 10 cities of Adana, Adiaman, Diyarbakir, Ghazi Aintab, Khatay, Kahraman Maresh, Kilis, Malatya before 17th of February. , Shanli Orfe and Osmaniye have registered on this platform.

Binance’s donations will reach $5 million

Although the POA method is not 100% accurate, Binance believes that this method is the best way to identify people affected by this earthquake. This exchange predicts that a total of about 5 million dollars will be donated to these users. Binance has also introduced a public address to receive donations from users to deposit the received amounts to the earthquake emergency relief fund.

It is usually difficult and time-consuming to send financial aid during natural disasters through traditional banking services. This issue becomes doubly important especially considering the urgent and urgent need of the affected people for medicine and food. For this reason, cryptocurrencies have become a suitable tool for sending financial aid to the victims of these disasters; Because they provide the possibility of fast, affordable, transparent and unlimited money transfers.

Even during the Russian invasion of Ukraine, cryptocurrencies came to the aid of Ukrainian citizens and provided them with financial aid.