Binance has allocated funds to combat the epidemic of coronavirus

Binance, the largest crypto platform, has led a charity initiative in support of victims of Chinesecoronavirus, which began to spread around the world from Wuhan province.

CEO Binance, in a tweet posted on January 25, said the company was ready to provide “10 million yuan ($ 1.4 million) to fight coronavirus in China.”

Changpeng Zhao noted that it is not possible to transfer crypto assets directly to victims in Wuhan. Therefore, the company will allocate funds for the purchase of medicines and personal protective equipment.

Binance Team the last few dayscollaborates with companies from the fields of logistics and e-commerce to organize deliveries to a closed city. The company has already placed an order for seventy thousand medical masks, as they are in great short supply in the region. The issue of delivery to an infected city is still open.

Other crypto companies also startedcharitable fundraising for the purchase of medical supplies for the epicenter of the disease. Blockchain Krypital is creating a donation system in stablecoin Tether (USDT) and Ethereum. The company also attracts volunteers for the purchase of materials, their sorting and transportation.

According to the latest data, hospitals in Wuhan are crowdeddue to the large number of patients and those who believe that they are sick with coronavirus. Independent videos posted on social media suggest that there is a shortage of medical masks and other protective materials, as well as too few doctors. According to official sources, 56 people have already died from the coronavirus.