Binance Turkey Crypto Airdrop: Top crypto exchange Binance joned the list of crypto companies that pledged support to users in Turkey with donations. Binance announced it will airdrop $100 in BNB to its users in Turkey earthquake regions. The total donations would add up to roughly $5 million, the exchange’s CEO CZ said. Crypto companies like Bybit, Bitget, BitMEX, and Bitfinex have already come forward to support victims.
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In a latest, Binance found that users in Turkey are increasingly making use of crypto payments amid difficulties with the Turkish banking system. Reports suggest that the devastation killed more than 4,000 people and led to destruction of thousands of buildings in the region, resulting in huge economic losses. The exchange will airdrop BNB worth $100 to all Binance users living in the regions most affected by the earthquake, it said in a blog.
“Crypto transfers are now increasingly being used to deliver financial aid to disaster victims as they provide fast, low-cost, borderless and transparent transactions.”
Binance also said has it launched a public donation address for everyone to donate. All the public donations will be converted to TRY and passed on to authorized agencies looking after the relief work. The donations can be made in BTC, ETH, BNB, BUSD, XRP at the Binance Emergency Earthquake Appeal portal.
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