Connect with us


Binance Charity announces first crypto-donation to UNICEF



Source: Pixabay

Binance Charity has announced what is the first crypto-donation to UNICEF to aid with its vaccine procurement and supply operation. UNICEF is the largest vaccine buyer in the world and has the expertise in procurement and logistics to help children in need. Binance, with its $1 million crypto-donation to the organization, will support its role as the key delivery partner for the COVAX facility, aiming to ensure global equitable access to COIVD-19 vaccines.

The official announcement shared with AMBCrypto noted,

“As the first pillar of Binance Charity’s Post-COVID Recovery Plan, the funding will support UNICEF’s role in helping to deliver COVID-19 Vaccines to communities in 11 countries by the end of 2021: Ghana, Nigeria, Kenya, Uganda, Egypt, Indonesia, Philippines, Vietnam, Bangladesh, Ukraine, and Brazil.”

Binance has been working with UNICEF for a long time now and as a part of its ongoing partnership, this contribution would help cover the costs to deliver over 500,000 doses of COVID-19 vaccines within low and middle-income countries.

UNICEF aims to make 2 billion vaccines available by the end of the current year. Binance Charity has already raised $5 million and has also donated 2 million PPEs to 26 countries. Helen Hai, Head of Binance Charity, noted,

“The progress some countries have made in rolling out vaccines has been hugely impressive, but we want to make sure nobody is left behind. We’re proud to be supporting UNICEF in vaccine delivery, which will play a major role in getting everyone’s lives back. This partnership is in support of a world that ensures vaccines are readily available to all, so that we may end the pandemic together.”

The philanthropic arm of Binance has been providing financial assistance, along with its blockchain infrastructure, to UNICEF. Earlier in 2020, it had joined hands with UNICEF to rehabilitate Beirut after the explosion that devastated many lives.

However, Binance Charity is not the only one extending help with cryptos. Earlier this month, Huobi Charity pledged $1 million worth of Bitcoin and fiat currency to UNICEF’s Crypto Fund. This was the first institutional Bitcoin pledge to the organization.

Hence, it would appear that crypto-businesses have a lot of active competition, even in the charitable and philanthropic sectors.

Read the best crypto stories of the day in less than 5 minutes

Subscribe to get it daily in your inbox.

Please select your Email Preferences.

Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

Click to comment

Leave a Reply

Your email address will not be published.

Disclaimer: AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.