- Cardholders can now use the Binance Card to send cryptocurrency.
- This card could aid millions of refugees as well as authorized citizens.
- The card is not a commercial product.
Since the start of the Russia-Ukraine war, Binance has been a vocal supporter of Ukraine. A few days after Vladimir Putin initiated his “unique military operation,” Binance donated $10 million to assist with the humanitarian situation in the area. UNICEF, UNRWA, and other groups received donations from this contribution.
Following the crisis situation, the Leading Crypto Exchange Binance launched a “Binance Refugee Crypto Card” for displaced Ukrainians. This card is issued for existing as well as new Binance users who have been forced to relocate to European Economic Area (EEA) countries due to the war between Russia and Ukraine.
This card could aid millions of Ukrainians by allowing them to make payments in the European Economic Area. Binance earlier partnered with Contis, which is a European Banking Service Provider to launch the refugee crypto card. Ukrainians are now allowed to make as well as receive payments on the app with the aid of this card.
A tweet proves how the refugee card has created ease in transferring crypto across the network:
With the help of the #Binance Refugee Card from @BinanceBCF, @SvNem26 can now send crypto to his 84-year-old grandmother, giving her the ability to make real-life purchases and withdraw cash anywhere, any time 🤝 https://t.co/aP3oDV9k2b
— Binance (@binance) August 18, 2022
With the help of this card, people who were earlier struggling to receive payments in Euros or other fiat currencies can now easily receive them in cryptocurrencies. The Binance Refugee Crypto Card is a great initiative and will help a lot of people in need
said one user on Twitter.This move by Binance is being appreciated all over as it is helping a lot of people who are in dire need. Binance has always been at the forefront of such innovative and helpful initiatives.
According to Helen Hai, the head of Binance Charity, because the card is not a “commercial product.” Its main goal is to offer a useful payment instrument for collecting and spending funds. According to Hai, this is an excellent method for showing how crypto may function in society.
