The earthquake that devastated Turkey on February 6 has caused devastation, affecting many communities and individuals.
In response to the tragedy, cryptocurrency exchangeBinance has announced that it will release $100 USD of BNB tokens to all Binance users living in the areas hardest hit by the earthquake. The process of identifying eligible users will include checking the submission of Proof of Address (POA) made before February 6 in ten cities affected by the earthquake, including Adana, Adıyaman, Diyarbakır, Gaziantep, Hatay, Kahramanmaraş, Kilis, Malatya, Şanlıurfa, and Osmaniye.
Time to take care of our users. ❤️#Binance to Airdrop $100 USD in BNB for Users in Turkey Earthquake Areas. The total is approximately $5m USD (94m TRY).
More efforts are still being worked on.https://t.co/Z4uACsf5Xe
– CZ Binance (@cz_binance) February 7, 2023
Although the POA method may not be 100% accurate, Binance says it considers it the best option for finding users affected by the earthquake. The total value of the donation is approximately $5 million USD (94,000,000 TRY). Binance Charity has also set up a public donation address, encouraging individuals to donate to the Emergency Earthquake Appeal using various cryptocurrencies, including BTC, ETH, BNB, BUSD, and XRP.
After a natural disaster, individuals often find it challenging to access traditional banking services especially when they need it most for essential needs such as medical supplies and food. To combat this problem, the use of cryptocurrency transfers is becoming popular to send financial aid to disaster victims, because the transfer is fast, cost-effective, transparent, and unrestricted, making it ideal for providing assistance in emergency situations.
Cryptocurrency has become a solution for sending aid after disasters. For example, in connection with the war in Ukraine, cryptocurrency has been used to provide aid to those affected by the war. Aid organizations have been using crypto to deliver financial aid and supplies to those unable to access traditional banking services due to the conflict.
Related: Binance temporarily suspends bank transfers in US dollars from February 8
After the Turkish earthquake, organizations in the crypto ecosystem stepped forward to support the unfortunate victims. On Feb. 6, cryptocurrency exchange Bitget announced that it has pledged 1 million Turkish Liras to aid relief efforts to help those affected by the earthquake.
Bitget has committed 1 million Turkish Lira to aid relief efforts in solidarity with people affected by the earthquake in Turkey.
If you can help with local logistics, please order @bitgetturkey.
Our local team works around the clock to make a positive impact.
– Bitget (@bitgetglobal) February 6, 2023