Blockchain and cryptocurrency firms have pledged to help victims of the coronavirus in Wuhan, China.
Major cryptocurrency exchange Binance has pledged to donate 10 million Chinese yuan ($1.44 million) to the effort.
For #Wuhan, not realistic to do crypto to end beneficiaries. Binance pledged 10m RMB ($1.5m USD) to help #coronavirus victims. We didn’t make any announcements. But BCF/Binance team has been busy for the last few days. Still need help to arrange logistics locally.🙋♀️ https://t.co/UH6FXgVSrX — CZ Binance (@cz_binance) January 25, 2020
On Jan. 25 a WeChat post by blockchain marketing firm Krypital too launched a charity donation effort to acquire medical supplies for Wuhan coronavirus victims. Krypital also announced that it will create a blockchain-based donation system that allows for greater transparency and efficiency.
The firm accepts Tether (USDT) on the Ethereum blockchain. The company is also recruiting volunteers for group administration, material purchase, sorting and transportation management, media announcements and graphic designers.