Binance estimates that the total value of the donations is around $5 million USD (94,000,000 TRY).
Although the POA method may not be 100% accurate, Binance said itconsiders it to be the best option available to locate users affected by the earthquake. The estimated total value of the donations is around $5 million USD . 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.
Following natural disasters, individuals frequently encounter challenges accessing traditional banking services especially when they need it the most for essential needs such as medical supplies and food. To combat this problem, the use of cryptocurrency transfers has become increasingly popular for delivering financial aid to disaster victims, since transfers are speedy, cost-effective, transparent, and unrestricted, making them well-suited for providing aid in emergency circumstances.
Cryptocurrency has increasingly become a solution for delivering aid in the aftermath of disasters. For example, in relation to the
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