Started by Bitcoin, Apr 28, 2022, 06:02 am
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Leading Crypto Exchange Binance launched a “Binance Refugee Crypto Card” for displaced ians.
This card is issued for existing as well as new Binance users who have been forced to relocate to European Economic Area (EEA) countries due to the war between and e.
This card could aid millions of ians by allowing them to make payments in the European Economic Area.
Binance has partnered with Contis, which is a European Banking Service Provider to launch the refugee crypto card. ians will be allowed to make as well as receive payments on the app with the aid of this card.
Helen Hai, Head of Binance Charity said in a statement,
At such a difficult time for e, it’s clear that cryptocurrencies are useful as they offer a fast, cheap and secure way of transferring funds to help people with their urgent financial needs
Binance Charity is currently working with a lot of non-profit organizations including Rotary and Palianytsia which would be providing crypto-based cash support to the ians.
Relatives of these displaced ians will be able to send crypto to these cards and even their Binance wallets to help them in times of need.
Local NGOs who have verified the refugees and have applied for the card will be eligible and entitled to receive $75BUSD which is equal to $75 USD each month for a duration of three months. Not only that, but these users shall also receive donations in line with UNHCR, UN Refugee Agency, UNICEF, and more.
When a user wants to use the money in their account, the amount transferred will automatically be converted to the local currency that will be easier to encash.
Kirill Khomyakov, General Manager of Binance in e, quotes:
To date, some four million people have already left e. It is our responsibility to help people who have suffered from the war and were forced to leave their homes. The Binance Refugee Card will allow ians to get help from Binance and other charitable organizations, and, if necessary, receive cryptocurrency from any other wallets.
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Getting hold of a refugee crypto card is free. To obtain a card, users have to complete the process of KYC verification. Refugees can use their existing accounts which have been registered in e and new users, can register on the Binance platform using the address of their ian home even if they currently live in the EEA region.
Binance has maintained a kind and considerate stance towards ians affected by the war. Binance sometimes back had deployed a 10 million USD fund to support children and women of war-stricken e and also of the neighbouring countries.
Binance Charity continues to work for in-country civilians by partnering with local organizations. Binance Charity has also created a cryptocurrency crowdfunding site that aims towards getting donations for e citizens from all across the globe, it is called the “Emergency Assistance Fund for e”.
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