Skip to content

Sign Up

or

Forgot Password?

Don't have an account?

Sign Up

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

Already have an account?

Binance to donate over 1,000 oxygen connectors to Indian hospitals

Binance to donate over 1,000 oxygen connectors to Indian hospitals

Cryptocurrency exchange Binance is one of the latest organizations to support India’s efforts towards containing the coronavirus pandemic after announcing a donation of over 1,000 oxygen connectors. 

Through Twitter, Binance CEO Changpeng Zhao announced that about 175 oxygen connectors worth $200,000 are already available and would arrive in Indian hospitals within seven days. 

Zhao underlined that the charity branch of Binance is still working on the over 1,000 connectors while also sharing his goodwill message to those fighting the pandemic.

Binance adds to the list of crypto entities helping India combat the pandemic that has outrun the country’s health system. 

Ethereum co-founder also contributes 100 ETH towards India’s Covid-19 relief

Ethereum co-founder Vitalik Buterin has also recently revealed a donation of 100 ETH and 100 MKR, amounting to approximately $650,000.

Other donors include former Coinbase CTO and board partner at VC firm Andreessen Horowitz, Balaji Srinivasan. He donated about 21.74ETH, valued at approximately $50,000.

The donation came after ethereum scaling platform Polygon co-founder Sandeep Nailwal appealed to the crypto world for help. Nailwal said he opted for crypto donations because of transparency. According to Nailwal:

“Today, fast and transparent flows of crypto into India are funding COVID relief. Tomorrow, we can use them to fund India’s small businesses and startups.”

Interestingly, the country continues to accept donations from leading crypto figures and entities despite India initiating plans to ban digital assets. 

Latest posts

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Services

IMPORTANT NOTICE

Finbold is a news and information website. This Site may contain sponsored content, advertisements, and third-party materials, for which Finbold expressly disclaims any liability.

RISK WARNING: Cryptocurrencies are high-risk investments and you should not expect to be protected if something goes wrong. Don’t invest unless you’re prepared to lose all the money you invest. (Click here to learn more about cryptocurrency risks.)

By accessing this Site, you acknowledge that you understand these risks and that Finbold bears no responsibility for any losses, damages, or consequences resulting from your use of the Site or reliance on its content. Click here to learn more.