The world is working to help Ukrainian citizens by every means in this time of plight. Binance, the world’s largest crypto exchange, has joined hands with Contis, a European payment service firm, to launch the Refugee Crypto card.
Binance Refugee Crypto Card
The Binance Refugee Crypto Card will be available to all existing and new Binance users of Ukraine who are forced to leave their homeland and have taken asylum in European Union countries due to the ongoing armed conflict with Russia.
With the launch of an exclusive crypto card, Binance aims to help Ukrainian refugees living in European countries by facilitating easy retail transactions in crypto. The new crypto card will allow refugees to send and receive crypto payments and purchase things at retailers who accept crypto card payments in the European Union.
In the official statement, Binance, head of the charity, Helen Hai, said that the Refugee crypto card would help Ukraine in this difficult time by offering a cheap and fast transfer of funds.
At such a difficult time for Ukraine, it’s clear that cryptocurrencies are useful as they offer a fast, cheap and secure way of transferring funds to help people with their urgent financial needs.”
The Binance refugee crypto cardholder verified by the non-profit organizations will also receive 75 BUSD for the next 3 months. The crypto funds will be automatically converted to the local fiat currency while making a card payment.
Ukraine Refugee Crisis
It’s been 62 days since Russia invaded the neighboring sovereign nation Ukraine. Despite the 2 months of constant armed battel and many international sanctions, Russia is unwilling to back off; both sides have yet to reach an agreement on a ceasefire. The war has catastrophically impacted the Ukraine citizen and forced them to flee to other countries to save their lives. So far, 5.2 million Ukrainian citizens have left their homes as per the UNHCR report.
Ukraine has continued to embrace crypto to help its citizens. From accepting donations in Bitcoin and many cryptocurrencies to launch of war-themed NFT; Ukraine has embraced crypto. The country has received more than 361 BTC donations. The donation from the crypto world is still outpouring as the Ethereum founder Vitalik Buterin has recently donated 750 ETH, around 2.5 million USD, to support Ukraine’s humanitarian aid.
Camila is working as a Senior Writer with Coinfea. She has completed her bachelor’s from a reputed college. She loves to write about trading technologies like crypto and blockchain.