Binance’s charity arm is donating to the victims of the 4th Aug explosion that rocked the city of Beirut, Lebanon’s capital.
Binance’s Beirut Relief Fund campaign has committed $20k in donations to the victims of a devastating explosion that claimed the lives of over 150 people and injured 5k more.
Binance will donate $10k directly to Beirut victims with an extra dollar-per-dollar amount in cryptocurrency matched for every donation it receives, up to a total of $10k.
In line with an official web-blog post on Tuesday, Binance Charity lead Helen Hai revealed that the organization would “work closely with local partners to assist improve conditions and livelihoods.”
On 4th Aug., 2,750 metric tonnes of a highly explosive chemical utilized in agricultural fertilizers exploded, wreaking havoc and displacing some 300k people.
Immediately following the blast, a gaggle of Lebanese expats residing in Europe quickly mobilized to boost relief funds with cryptocurrency. The effort was conceived as how to bypass Lebanon’s banking crisis.