The devastating earthquake that struck Turkey on February 6 has left a trail of destruction in its wake, affecting numerous communities and individuals.
In response to the tragedy, the cryptocurrency exchange Binance has announced that it will distribute $100 worth of BNB tokens to all users residing in the regions most affected by the earthquake. The identification process of eligible users will consist of verification of domicile verifications (POA) filed before February 6 in ten earthquake-affected cities, including Adana, Adıyaman, Diyarbakır, Gaziantep, Hatay, Kahramanmaraş, Kilis, Malatya, Şanlıurfa and Osmaniye.
Time to take care of our users. â¤ï¸#Binance to Airdrop $100 USD in BNB to Users in Turkey Earthquake Regions. Total roughly $5m USD (94m TRY).
More efforts 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 states that it considers it the best option available for locating users affected by the earthquake. The total estimated value of the donations is about USD 5 million (94,000,000 TRY). Binance Charity has also created a public donation address, encouraging people to donate to the Emergency Earthquake Appeal using various cryptocurrencies, including BTC, ETH, BNB, BUSD, and XRP.
Following a natural disaster, people often find it difficult to access traditional banking services, especially when they need it most for essential needs like medical supplies and food. To combat this problem, the use of cryptocurrency transfers has become increasingly popular for the delivery of financial aid to disaster victims, as the transfers are fast, cost-effective, transparent, and unrestricted, making them highly suitable. to provide help in emergency circumstances.
Cryptocurrency has increasingly become a solution to provide relief after disasters. For example, in connection with the Russian-Ukrainian war, cryptocurrency has been used to provide relief to those affected by the ravages. Aid organizations have used cryptocurrency to provide financial aid and supplies to those unable to access traditional banking services due to the conflict.
Following the earthquake in Turkey, organizations in the cryptocurrency ecosystem are stepping up to support the unfortunate victims. On February 6, the Bitget cryptocurrency exchange announced that it would allocate 1 million Turkish lira to help people affected by the earthquake.
Bitget has committed 1 million Turkish Lira to aiding the relief efforts in solidarity with people impacted by the earthquake in Turkey.
If you can assist with local logistics, please message @bitgetturkey.
Our local team is working around the clock to make a positive impact.
— Bitget (@bitgetglobal) February 6, 2023
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