Binance co-founder Changpeng “CZ” Zhao donated more than half a million dollars of crypto in the effort of the earthquake in Thailand and Myanmar, in another testament to the growing utility of blockchain-based emergency efforts.
Zhao donated 1,000 BNB (Bnb) Tokens worth nearly $ 600,000 in relief funds for the region on March 3, displayed blockchain data.
Zhao donated 1,000 BNB. Source: BSCSCAN
“Sent 1000 BNB for donation for Myanmar and Thailand,” Zhao wrote on an April 3 x Post.
The crypto donation came after Thailand and Myanmar was hit by a 7.7 earthquake strength on March 28, causing severe damage to buildings and widespread flooding.
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At least 2,719 people have been confirmed dead in Myanmar and 18 in Thailand, with 76 people still not determined, according to the latest figures shared by Reuters.
The $ 600,000 donation will come almost a week after Zhao has promised to donate 500 BNB for relief efforts, an initial promise that he doubled. Cryptocurrency -based donations have emerged as a significant lifeline for the region, due to banking restrictions caused by damaged infrastructure.
Source: The giving block
Crypto donations have exceeded $ 1 billion in 2024, recorded by increasing digital values and the development of crypto regulation. About 16% of donations went to education, while 14% went to drug efforts and health-related efforts.
The Giving Block has launched a crypto -based emergency effort for Myanmar and Thailand to raise $ 500,000 for the damaged region.
Source: Thegivingblock
The organization expects crypto donations of $ 2.5 billion in 2025 to the growing generation of crypto wealth and increasing adoption due to a more desirable political scene.
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Crypto donations get traction for emergency emergency efforts
Zhao’s donation is a testament to the growing cryptocurrency role in human auxiliary, according to Anndy Lian, there is a set and expert in the Intergovernmental Blockchain.
“Crypto donations, compared to traditional Fiat contributions, have offered unique benefits, especially in emergencies,” Lian told cointelegraph, added:
“Speed is a major factor – transactions to blockchain networks can settle in minutes, exceeding the delays of banks or mediators, which are critical when time will save life.”
“In disaster -injured areas such as Myanmar or Thailand, where infrastructure can be compromised, cryptos can reach recipients directly through digital dompets, no rapid codes or wire transfers,” Lian explained.
Source: Anndy Lian
Lian also donated 44 BNB tokens for relief efforts in Myanmar and Thailand, a step that Zhao’s public praised.
Ethereum co-founder Vitalik Blerin is known for his crypto donations. In October, buterin Provided More than $ 180,000 in Ether (Eth) to Biotech Charity Kanro.
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