Turkey's devastating earthquake on February 6 left a trail of destruction in its wake, affecting many communities and individuals.
In reaction to the tragedy, the exchange of cryptocurrency.Binance has announced that it will airdrop $100 USD worth of BNB tokens to all BINANCE users residing in regions hardest hit by the earthquake. The identification process for eligible users will include verification of proof of address requests submitted before February 6 in 10 earthquake-affected towns, including adana, ad?yaman, diyarbak?r, gaziantep, hatay, kahramanmaras, kilis, malatya, sanl?urfa, and Osmaniye.
Time to look after our users. ??#Binance to Airdrop $100 USD in BNB to Users in Turkey Earthquake Regions. Total of approximately USD$5 million (94 M test).
Additional efforts are still in progress.https://t.co/Z4uACsf5Xe
— CZ Binance (@cz_binance) February 7, 2023
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 total estimated value of the gifts is approximately $5 million (94.000.000 try). Binance Charity has also established a public donation address, encouraging individuals to make a donation to the earthquake emergency appeal using various cryptocurrencies, including BTC, ETH, BNB, BUSD, and XRP.
In the aftermath of natural disasters, people often find it difficult to access traditional banking services, especially when they need them most to meet basic needs like medical supplies and food. To fight it, the use of cryptocurrency transfers has grown in popularity to provide financial assistance to disaster victims, because of the fast transfers, cost-effective, transparent, and unrestricted, to be able to provide assistance in the event of an emergency.
Cryptocurrency has become more and more a solution to provide assistance following disasters. For example, in relation to the war in Ukraine, cryptocurrency has been used to provide aid to those affected by the war. Aid agencies have used cryptography to provide financial support and supplies to those who cannot access traditional banking services because of the conflict.
Related: binance to temporarily suspend US dollar bank transfers starting from February. 8
In the aftermath of Turkey’s earthquake, organizations within the crypto ecosystem are stepping up to support the unfortunate victims. On February 6, bitget cryptocurrency announced that it had pledged 1 million Turkish lira to help relief efforts to help those affected by the earthquake.
Bitget has pledged LIT 1 million to support relief efforts in solidarity with those affected 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