Nothing like a pandemic to bring the cryptocurrency world together to join the fight against COVID-19. Without any doubt, the spread of the disease has taken a toll on several countries including the USA, Spain, and Italy and is weakening economies globally and creating an unemployment crisis. Equally dangerous is the spread for the medical professionals who have to work closely with infected individuals.
While many industries are already showing their solidarity against COVID-19, the cryptocurrency world has come together under #CryptoAgainstCOVID hashtag in order to contribute. Binance, the world’s largest crypto exchange, will contribute a whopping $1 million which will take the form of medical supplies. These supplies will be supplied to those countries hit hardest by the virus. You can also contribute on its website. For every $10 donation made Binance is contributing another $20.
In all, a total of 34 companies have joined hands to contribute s. Arrington XRP which also is a noted digital asset firm has contributed $10,000 to Binance’s efforts. Huobi Global which is based out of Singapore also has contributed $50,000 to the cause.
Bank Account base Blockchain is letting other companies generate a fundraiser on its platform using its crypto BAX. In such huge attempts to raise a large number of resources, a phishing attempt has been discovered where companies are raising money for their own benefit. Before donating one has to conduct enough research in order to ensure that their money is being used for the right purpose.
With these contributions, the spread cannot be curbed, but the ability to fight with the disease will surely increase. The best of the countries with the most superior healthcare, are floundering and seem saturated as they lack the necessary medical supplies. With such contributions, the lack of the supply compared to demand will hopefully be filled.
Image Source – Bitocto