Binance will provide $ 1.5 million to help victims of coronavirus

The head of the popular exchange Binance, Changpeng Zhao, said that his company will allocate 10 million yuan (about $1.5 million) to helpvictims of an outbreak of coronavirus in China.

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“It is unrealistic to transfer cryptocurrency to final recipients in Wuhan. Binance Provides 10 Million Yuan ($1.5 Million) to Helpvictims of coronavirus. We have not made any statements. Nevertheless, the Binance charity foundation team has been actively working over the past few days. We still need help organizing local logistics. ”Zhao wrote in response to a call from Sino Global Capital CEO Matthew Graham.

Changpeng Zhao later said that his teamworks with several large companies from the fields of logistics and e-commerce. In particular, Binance ordered an additional 70,000 medical masks from different countries.

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Zhao previously wrote that Binance only managed to buy 8,000 masks, as they were all sold out in China, Japan, and the surrounding regions.

The head of Binance also said that he underwent surgery to remove a hernia of the intervertebral disc, due to which his trip to Vietnam ended in December.

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“Basically, I have been in this position for the past six days.”Zhao commented on the photo attached to the tweet.

He added that health was already much better.

Lesser known crypto industry companies alsoparticipate in charity. For example, Krypital is developing a blockchain system that accepts donations in the stablecoin Tether (USDT) and Ethereum.

Earlier, ForkLog reported that since 2015, the Fidelity charity fund has received more than $ 100 million in cryptocurrencies.