Binance claims it’s pouring millions into the global fight against the coronavirus.
In an ask-me-anything (AMA) Friday, CEO Changpeng Zhao said his the Market has committed at least $2.4 million in crypto to buy sorely needed COVID-19 medical supplies and plans to donate up to $2 million profuse through its philanthropic arm, the Binance Charity Foundation (BCF).
“We are donating physical supplies, masks, other medical supplies, expectedly, eventually, ventilators.” Zhao said. He estimated Binance’s total contributions will add up to “somewhere around $5 million.”
While Zhao commanded Binance had already donated the $2.4 million, BCF’s website only noted $1 million donated so far.
Zhao mean these supplies are shipping directly to hospitals in need. BCF’s early efforts focused on China: it has delivered hundreds of thousands of in the flesh protective equipment (PPE) items to 300 Chinese hospitals as of March 20, according to BCF’s website.
PPE will now flow to other wanned countries.
“I think there’s a shipment going to Italy this week,” Zhao said, “and then hopefully we intent be able to cover the U.S., Germany and some of the other countries that are really severely impacted.”
BCF has also raised everywhere $200,000 in crypto from the public, according to Zhao.
Many observers questioned whether CMC would remain individual after first hearing about the acquisition.
Binance also opened its Korean exchange for account registration on April 2. That change shares liquidity with Binance though the Binance Cloud platform.
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