Hurricane Dorian Bitcoin Fundraising Launched By Binance

Hurricane Dorian has already reached the American states of North and South Carolina and claimed the lives of a few people so the Malta-based crypto exchange Binance is now launching a fundraising campaign for the victims as we are reading in the altcoin news reports.

The donations will be accepted in Bitcoin, Binance Coin, and XRP.
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The Hurricane Dorian has flooded parts of the cities and caused a major storm surge and rainfall which ended up in flash-flood warnings and also further storm surges. The latest updates show that the hurricane has decreased its strength a little bit but it is now predicted that it will move up northeast and reached Virginia next. However, the devastation which Hurricane Dorian caused in the Bahamas cannot be denied.

As per the reports mentioned by the founder and CEO of Binance Changpeng Zhao, Hurricane Dorian ripped apart more than 13,000 homes and left about 50,000 people without a roof over their heads and in need of supplies and aid. The fundraising details furnished by the company will help the fundraising campaign with the help of the blockchain-powered donation and charity platform:

 ‘’Blockchain-powered charity, like Binance Charity’s platform, can bring fast assistance to people during disasters when access to money is crucial for affected victims.’’

Binance’s native cryptocurrency along with Bitcoin and Ripple are the defined digital assets in which the donations are accepted. All of the donations will be shown on the blockchain and will be accounted for. Also, Binance Charity is calling for donations from other entities in the crypto and blockchain industry. The same will be handed to non-profit organizations settled in the Bahamas which have taken the task to restore the island. Binance has also some long-term plans to ‘’replicate and enhance the processes being implemented for this project to future hurricane-related disasters.’’ As can be seen from the blog post on their website which we have in the latest cryptocurrency news:

‘’We call on the blockchain community to not only work with us in delivering much-needed aid to those affected by Hurricane Dorian, but also to recommend solutions and enhancements for a faster and better way to deliver aid through Binance Charity’s blockchain-powered platform.’’